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0 sats \ 0 replies \ @cryptocoin OP 18 Dec 2022 \ parent \ on: Ren assets (including renBTC) at risk. Must bridge back to native chain ASAP! bitcoin
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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