Community warning re SmartBCH: providing bcBCH/BCH liquidity you can lose all your money

Since the 100K BCH given to Coinflex for minting "sBCH" are legally part of their assets, and CF is currently insolvent, the backing behind the sBCH currently "is not there". There are 100k BCH ("sBCH") coins in smartBCH but only 2k mainnet BCH available for exit.

People providing liquidity in the bcBCH/BCH & bcUSDT/BCH pools need to be aware that they can be buying worthless "sBCH" coins with their valuable assets (which do have 100% backing in BlockNG's bridge).

You are being others' exit liquidity and can be left holding a worthless "sBCH" bag.

submitted by /u/doramas89 to r/btc
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Quelle: bitcoin-en