Quote from: TheWatchers1456 on July 31, 2018, 07:35:35 PM

Quote from: char0n on July 31, 2018, 02:17:28 PM

Can somebody explain to me what problem was faced with cryptobridge?
It is written under 2.2 in the white paper

Back in January the Cryptobridge client got FUBARed and as I understand it was staking the bitshares proxies that they were issuing to folks that made deposits. Because they were staking the proxies when they shouldn't have been due to a bug in their system they created appropriately 2000 more proxy sub1x then they were holding in their SUB1X master wallet. After creating these additional proxy sub1x they proceeded to distributed them improperly to accounts. A handful of those accounts received hundreds of additional coins that were not associated with coins on the SUB1X network. Then 2 or 3 of those accounts proceeded to dump these fake proxies into the buy book. This same thing happened to a few coins listed on Cryptobridge. The one that I remember for sure was JEW coin.

But I remember stories at the beginning of the year of people depositing BTC and LTC into CB and their balance would reflect 3 to 4 times more then they deposited.
Deposit 3 LTC
Balance would reflect 12 LTC
When these users withdrew the 12 LTC that was shown they would actually receive all 12 in their wallet.

Cryptobridge played this off as if there was a problem with the coin networks and extorted the project for BTC to resolve it but this was all a cover.

Still to this day I do not believe they have enough BTC and LTC to cover all of the proxy balances, but Cryptobridge wouldn't want you to know about that. Hence the rebranding.

Thank you very much for your answer. I was not aware of this issue.
The more you know Shocked