The decision to route through an illiquid micro-cap stablecoin might go down as one of the year’s most costly errors.
Cryptopolitan on MSN
A long-inactive Cardano wallet accidentally lost over $6 million
A long-inactive Cardano wallet accidentally lost over $6 million by swapping 14.4 million ADA in a low-liquidity pool.
Cryptopolitan on MSN
Cardano whale loses $6M+ moving five-year-old ADA stash
The whale attempted to swap ADA for one of Cardano’s native stablecoins, USDA. Instead of receiving the expected dollar ...
A Cardano holder has lost $6 million after transferring $6.9 million worth of ADA to a highly illiquid trading pool for USDA, resulting in a nearly 88% loss of their position.
Founded in 2015 by Ethereum co-founder Charles Hoskinson, Cardano is a proof-of-stake (PoS) blockchain that is often referred to as the “Ethereum killer,” owing to its superior technology and high ...
The world of cryptocurrency can be a confusing and intimidating place for those who are new to it. One aspect of the crypto world that may be particularly confusing is the concept of staking and ...
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