I'm not spreading rumors, GoldReward admitted it on their Facebook page that some ICO investors had their tokens stolen. I may
be wrong about the amount as well. It wasn't from the GRX website that they were stolen, but from people's MyEtherWallets.
Even if a hacker did have 500k tokens he's dumping on the market it doesn't mean much in the grand scheme of things. This is the time
to be buying and doesn't reflect negatively on the GRX platform. Internal lending starts later this month and their website gets more traffic
than most of the other lending coin websites, for all I know people are selling the coin because they're too impatient. Everyone in this space
seems to be in it for quick flips, there are very few true investors.
The people selling for bottom dollar prices now are going to regret it. Lending tokens only appreciate
in value over the long term unless companies have terrible support like Regalcoin or play games with investors accounts.
The price will go up once new people start signing up, buying the token on the site and locking it into loans and staking.
For anyone who doesn't know, during the Gold Reward ico a bunch of people using MyEtherWallet got their GRX tokens stolen in some kind of phishing scheme or hack.
The hacker still has around 500,000 GRX (20 million max supply) and sells thousands off every day. There may be more than one person behind it because there is
transfer activity 24 hours a day.
If you have been wondering why the price hasn't been going up--that's why. Eventually he'll run out, so I'm expecting around the end of this month
when the internal exchange goes live we should see the price start running up. GRX was selling on the first day for between $14-18 a token on Coinexchange as
the hacker dumped over 8 BTC worth in a few hours time.
Any time from now until the end of this month should be a good time to be accumulating GRX before the internal exchange goes live.
Here's the scumbag in question that's responsible for stealing so many people's tokens:
https://etherscan.io/token/0x219218f117dc9348b358b8471c55a073e5e0da0b?a=0x8d12a197cb00d4747a1fe03395095ce2a5cc6819What a fucker. Thanks for sharing.
LOL! That's not a "hacker". This is a main wallet of the market exchange named etherdelta where goldreward token is being traded.
Stop making panic out of nothing and trolling good people.