5 biggest fiasco in 2018 crypto money market
With the five biggest fiasco events in the 2018 crypto money market, we can not say that 2018 has been very lucky to the crypto money markets until now. While many coins have fallen over the past year, their decline in interest in the market has decreased.
5 biggest fiasco events in 2018 crypto money market
5 - Verge (XVG) Wraith Protocol Launch
Verge's Wraith Protocol was scheduled to be released on the market in late 2017, but due to several delays, the release of the actual version was postponed to January of this year. In January, Verge supporters and brokers were quite eager to see the Wraith, but many were disappointed by the things put forward by the developers. While Wraith offers an interesting alternative such as optional privacy, people are beginning to question the protocol's anonymity efforts.
It also turned out that Verge's codes were copied from OpalCoin, the pet project "Bitcoin Kid" created by Whit Jack, the developer at the age of 14.
- Prohibition of vechive crypt money
Crypto money market moderators have put up a policy of suspending and prohibiting crypto-banking, which is involved in submitting malicious applications and voting manipulation. VeChain (VEN) 's developers and team members received a ban during the month of February, when it turned out that they were directed to do what community members want them to do.
This crypto was the first punishment given by the money market and given a strong message with this punishment. Throughout the ban, all articles about the crypto currency have been removed. Oddly, the VEN crypto money has not depreciated during the month of February. But in the first week of March, it fell by 30%.
3- Bitconnect
Bitconnect, who reacted with a lot of chaos-like style, which is one of the most debated systems of the crypto money exchange, announced that the system was stopped in January. Along with being heard, crypto money has fallen by 90%. The system is running at a price below 99% of the price before the system was stopped. Bitconnect is facing a $ 750,000 case.
2- Waltonchain Pr fiasco
The person managing the Waltonchain (WTC) Twitter account gave the Waltonchain official account as one who won the contest, forgetting to change the account when he announced the winner's list for the Sevgililer Günü gift.
While the majority of the winners were real and about $ 50 awards for each winner, the impact of the scandal was great. The WTC has suffered a 20% drop since the scandal and has continued to fall.
This decline lasted until March 6, when they announced their partnership agreement with Alibaba. With this announcement, the price of a rocket and a very impressive. But in the community, the question of the correctness of the news began to be questioned, and a tweet was taken in a minute. After this, the crypto money has once again fallen.
- BitGrail Hack
In our 2018 crypto money market, our first 5 fiasco list is getting the first order BitGrail. BitGrail, one of the leading stock exchanges in the nano trade, was hacked and caused 17 million NANO to be stolen. The BitGrail team stopped withdrawing money and called on the Nano team to fork to reduce the impact of hacking.
With the advent of hack news, NANO lost more than 50%. Beyond that, NANO investors who use BitGrail have seen that their capital does not exist overnight. At the end of this incident, where many people suffered victimization, Bitgrail explained that it was completely closed.
