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An anonymous trader claims to have lost over $1 million in LIBRA due to a hard fork by the 0L Network team that was not approved by the community

An anonymous trader claims to have lost over $1 million in LIBRA due to a hard fork by the 0L Network team that was not approved by the community

CointimeCointime2024/05/08 16:01
By:Cointime

An anonymous trader known as NN claimed to have lost over $1 million in cryptocurrency due to an unauthorized hard fork by the 0L Network (LIBRA) team. NN stated that the team behind 0L Network forked to fix a vulnerability that had been present for over two years and was not considered malicious, resulting in a 4% decrease in the total supply of LIBRA and the destruction of tokens purchased by innocent wallets almost two years prior. The anonymous trader claimed to have purchased 147 million LIBRA tokens in February 2023, worth approximately $1.47 million at the time, and later joined the protocol to assist with marketing efforts.

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