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This is bizarre and example of how I don't understand the crypto world at all. Shouldn't a stable coin that is manifestly no longer stable be worthless? Is it k
by mrwh 4y ago
This is bizarre and example of how I don't understand the crypto world at all. Shouldn't a stable coin that is manifestly no longer stable be worthless? Is it known whether the hacker managed to translate their coins into something else before the price crashed, or did they also lose most of what they captured?
- xur17 4y agoI think people are betting that it might come back, or get bailed out by some investor. Wormhole, which lost hundreds of millions was bailed out by a VC within a day or 2, so there is definitely a non-zero chance it could happen.