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What is a Coin Blocking Machine (Coin Blocking Video)?

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A coin blocking machine, what is it? A coin blocking machine, what is it? In ord

What is a Coin Blocking Machine (Coin Blocking Video)?

A coin blocking machine, what is it? A coin blocking machine, what is it? In order to solve the problem of Bitcoin price fluctuations, blockchain projects often engage in arbitrage between digital currency exchanges, wallets, and miners in various ways. This behavior is called “cryptocurrency hijacking,” which refers to the use of machines to automatically mine a specific quantity of tokens (such as tokens from a certain project), and then moving or exchanging these tokens at a certain speed within a certain period of time, causing significant losses.

Currently, many decentralized trading platforms adopt this method to address trust issues among participants on the network. However, centralized exchanges like Binance often do not follow market trends or the development of events, but instead manipulate market trends in ways unrelated to the market to ensure the security of user assets. (Chain News)

Coin Blocking Video

According to Tencent News, today there is media reporting a coin blocking video, claiming it to be money laundering. Investigations have found that “this scene” has appeared on the internet for several years and it is said that thousands of websites and microblogs have been targeted by hackers. One platform called Binance has also been shut down by the police, and many users have already reported seeking help from it. It is understood that there are many issues related to illegal funds in the blockchain industry, such as involvement with digital currency exchanges, etc.

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