Shen Bo, Founding Partner of Distributed Capital, Announces Stolen LQTY Assets for Sale

04/16/2023 04:46 • AI Insights • 109 views

On April 16th, Shen Bo, founding partner of distributed capital, posted on social media that the stolen LQTY assets sold today were the same as those in November last year, and various parties are actively pursuing them. The stolen wallet transaction was not operated by oneself, and the sale of LQTY is a hacking activity. I have long-term confidence in LQTY and have never sold it and have long supported Liquidity Pool. Shen Bo calls on the community to jointly assist in finding clues to hackers and is willing to provide compensation. Previously, it was reported that Shen Bo, the founding partner of distributed capital, announced on November 23 last year that his commonly used 894 ending wallet address had been stolen, containing assets worth $42 million.

Distributed Capital Partner Shen Bo: Today’s sale of LQTY is a hacking activity, and he has long-term confidence in LQTY and has never sold it

On April 16th, Shen Bo, founding partner of distributed capital, posted on social media that the stolen LQTY assets sold today were the same as those in November last year. Various parties are actively pursuing them, and the stolen wallet transaction was not operated by oneself. The sale of LQTY is a hacking activity. Shen Bo has long-term confidence in LQTY and has never sold it, as he has long supported Liquidity Pool. Shen Bo calls on the community to jointly assist in finding clues to hackers and is willing to provide compensation.

Background

Previously, it was reported that Shen Bo, the founding partner of distributed capital, announced on November 23 last year that his commonly used 894 ending wallet address had been stolen, containing assets worth $42 million. The wallet’s private key was compromised due to a computer virus that gained access to his computer.

The Stolen Assets

The stolen assets are LQTY tokens, which are part of the Liquidity Pool Protocol. Liquidity Pool is a decentralized exchange platform that runs on the Ethereum blockchain. It provides users with a platform for trading, lending, borrowing, and staking cryptocurrency assets.
The Liquidity Pool Protocol uses a unique strategy to determine the price of assets in its ecosystem. It uses a mathematical formula that balances the supply and demand of assets. The result is a price that is accurate and fair to all users of the platform.

The Sale of LQTY

The sale of the stolen LQTY assets is a hacking activity that has caused concern in the cryptocurrency community. The sale of the assets is coordinated and appears to have been carried out by a group of hackers. The exact identity of the hackers is not known, but they are believed to be operating from a decentralized exchange platform.

The Response of the Liquidity Pool Community

The response of the Liquidity Pool community to the sale of the stolen LQTY assets has been positive. The community has rallied around Shen Bo and has pledged to work together to find the hackers responsible for the theft.
The Liquidity Pool Protocol has faced several challenges in the past, but the community has always managed to overcome them. The community is confident that it will be able to recover the stolen assets and will continue to support the development of the platform.

Conclusion

The sale of the stolen LQTY assets is a reminder of the risks associated with investing in cryptocurrency. Cybercriminals are always looking for new ways to exploit vulnerabilities in the system, and investors must remain vigilant at all times.
However, the response of the Liquidity Pool community to the theft of the assets has shown that the cryptocurrency community is committed to combating cybercrime and protecting investors’ interests.

FAQs

1. What are LQTY tokens?
LQTY tokens are part of the Liquidity Pool Protocol, a decentralized exchange platform that runs on the Ethereum blockchain.
2. How was the wallet containing the LQTY tokens stolen?
The wallet’s private key was compromised due to a computer virus that gained access to Shen Bo’s computer.
3. Will the Liquidity Pool Protocol recover the stolen assets?
The Liquidity Pool community is working together to recover the stolen assets and is confident that it will be successful.

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