You all know, a recent attack on Japanese exchange and XEM coins were hacked.
lets do the math and read the news.
1) Max/ Current current supply : 8,999,999,999 coins, 500 M coins direct deduction / reduction. Hackers wnot provide the coins again and they cannot sell because it is tagged by the NEM team. 2) Coincheck going to refund the money I assume it is XEM coin, then it has to be bought. So 500M buy again which is going to be the huge one. 3) We all know XEM is fundamentally strong.
@maheswar81 thats a cool guess. in reality if they cant get back those coin in the supply then there is shortage.and i see then XEM should be more than 5$ , just a guess but the 500M coin value will add in the existing supplied coin. what do you think?
Whether it is hacked or I bought the coin, can they change the ownership of my coin? Hope you got it. If they can change the ownership, it is going to be the disaster. If XEM team can change my ownership to another which is another hack. I believe it should not be the case.
They can mark those coins as hacked as per the team news.
RotiWokeman
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Wouldn't bringing all those coins back send the market further down due to a higher supply influx and people with a bad taste for it selling off when they get their coins back?
maheswar81
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@stoneba,
Yes, but if they bring coins what I hold, then we should exit. I believe they can track it but they cannot bring it in the supply, that breaks the actual logic ownership.