The Bitgrin (XBG) community seems to have minted billions of tokens, regardless of a declared max provide restrict of 21 million XBG.On June 4, mai
The Bitgrin (XBG) community seems to have minted billions of tokens, regardless of a declared max provide restrict of 21 million XBG.
On June 4, main cryptocurrency info web site CoinMarketCap warned its followers in regards to the anomaly on Twitter. The announcement reads:
“Alert Issued: We have now obtained reviews that billions of XBG have been minted regardless of having a max provide of 21M.”
The alert is now additionally featured on CoinMarketCap’s devoted BitGrin web page. Apparently, the web page additionally notes that the coin was “launched on 31 Jan 2019 by an nameless group of builders”. Market information reveals that it appreciated by about 11.5% over the previous 24 hours.
Alert on Bitgrin’s CoinMarketCap web page. Supply: CoinMarketCap
As of press time it’s unknown whether or not Bitgrin’s community was hacked, the builders issued extra cash than they promised, or if CoinMarketCap’s info is just simply flawed. Cointelegraph has reached out to the mission’s builders, however didn’t obtain an instantaneous reply by press time. This story shall be up to date accordingly ought to a response arrive.