Quote from: Automatic Monkey on February 19, 2015, 10:34:53 PM

Quote from: Coolstoryteller on February 19, 2015, 08:40:30 PM

Quote from: moonchaser on February 19, 2015, 04:51:53 AM

Quote from: Kuriso on February 19, 2015, 03:51:32 AM

someone is in a hurry to get out of SDC. who knows something the rest of us do not?

Not "someone", but the big talkers, the loud mouths on this forum. Since the zk announcement, pookie and longandshort disappeared along with another few aggressive ones. They are steadily dumping.
They appeared only when they thought there will be big gains for them trashing everything in their path and hurting shadow in the process. Zk implementation didn't rise the price for one reason or another so they are dumping. But that's good. This gives the chance to other traders to buy SDC and leads to fair distribution. Once these loud mouths - big holders are gone, only then Shadow will prosper. Shadow needs traders and newcomers.
My respects to all the other members/traders.

There was a rise in SDC's marketcap from the Shadowsend release and there was also a major dump that stopped it.. If you didn't know there was something like 300,000 SDC stolen from the IRC tipbot back in December and those coincide with the dumping from 40k down to sub 20k right after the tipbot went missing in action.

Stolen??? As I recall the incident there was a drive formatted by someone working with the devs and the coins were lost, they didn't suspect any theft.

What was the address of the tipbot? Are the coins still there on the blockchain?

There has been suspicion of theft, and some talk about it on IRC. I tend to also believe the theft theory is highly probable. The reason being, it seems highly unlikely someone wouldn't make a backup of the wallet, especially during an update, and having custody of other people's money. More evidence is that right around the time I noticed huge dumps on bittrex. I suspected it was one person with 100s of thousands of coins dumping. Anytime a decent size buy order was placed the whale would fill it. The selling behavior was indicative of one person in my opinion.

Further evidence was seen from beta.bittrex where you can see the accounts of the largest holders on the site. Some people posted screen shots in this thread and there was one account with over 200,000 SDC if I remember correctly, and it subsequently got dumped over the following several days. I believe this is why the price crashed down from 40K satoshi to 20K and lower right after the Shadowsend release. I guess its good that the thief dumped the coins already and is no longer a threat to the market. Perhaps some investigation into the blockchain could provide further insight into the truth of what happened.