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Ren assets (including renBTC) at risk. Must bridge back to native chain ASAP!nitter.at/renprotocol/status/1604205168530161665
35 sats \ 5 comments \ @cryptocoin 18 Dec 2022 bitcoin
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10 sats \ 1 reply \ @NorthKoreanHostage 18 Dec 2022
And that's the harvesting point of the scam.
Just buy Bitcoin. Wrapped Bitcoin is a scam.
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0 sats \ 0 replies \ @cryptocoin OP 18 Dec 2022
I don't know if they can "harvest" anything, right? But they can certainly abandon the "darknodes" which are required to burn (in order to access the BTC that was unlocked as a result of the burn).
Wrapped Bitcoin is a scam.
You are not alone in that conclusion:
I used to hold btc on Ethereum. I had been used to holding various kinds, including wbtc, renbtc, and tbtc, but after seeing Ren just say they're going to shut down leaving all remaining erc20 renbtc worthless soon, I won't hold any erc20 btc again.
https://twitter.com/scupytrooples/status/1604318598704803840 [Nitter]
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0 sats \ 0 replies \ @cryptocoin OP 18 Dec 2022
The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is:
1) Reminder that Ren assets need to be bridged back to the respective native chains ASAP ⚠️
The Ren 1.0 network is likely to imminently shut down, and any remaining assets are at risk of being lost.
The above Tweet is a Quote Tweet reply to the following earlier Tweet:
1) Important notice ⚠️
As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda
As compatibility between Ren 1.0 and 2.0 cannot be guaranteed, holders of Ren assets should bridge back to native chains ASAP, or risk losing them!
https://twitter.com/renprotocol/status/1600559366440390657 [Nitter]
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5 sats \ 1 reply \ @muteness11 18 Dec 2022
better move renBTC into wBTC and then into fmsBTC for safety
fmsBTC: Fuck My Stupidity is a form of wrapped and entangled thing that has no clear purpose
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0 sats \ 0 replies \ @cryptocoin OP 18 Dec 2022
https://i.postimg.cc/k5Kw57Fs/they-had-us-in-the-first-half-not-gonna-lie.gif
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