Within the obvious deal, RChain was set to ship 11 million RHOC tokens to its companions who expressed an curiosity in placing cash into an escrow account. As soon as the cash was in escrow, RChain despatched RHOC tokens to their pockets as agreed. Nonetheless, after the tokens have been despatched, RChain discovered that the cash in escrow was counterfeit.
Following the incident, RChain contacted KuCoin, which subsequently blocked the crypto pockets address of the alleged scammers. At press time, the deal with is blocked, with Etherscan warning that the deal with “obtained funds from an deal with which is concerned in a RHOC token rip-off.”
The quantity of RHOC tokens on the blocked account is price round $310,000 at press time, based on knowledge from CoinMarketCap. Buying and selling at round $0.0283, RHOC has a market cap of $10.6 million at press time. Again in January, RHOC was price round $2.90, and as soon as was ranked within the high 30 tasks on CoinMarketCap.
Just lately, Cointelegraph reported that Canada’s main cryptocurrency trade QuadrigaCX was formally declared bankrupt after the trade filed for creditor safety, following the lack of entry to chilly wallets attributable to dying of Quadriga’s late co-founder Gerald Cotten in December 2018.