0xBitcoin (0xBTC) is a smart contract token that follows the original document of Satoshi Nakamoto to form a fundamentally reliable currency without trust. The token combines the scarcity and fair distribution model of Bitcoin with the speed and extensibility of the Ethereum network.

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Adam Cochran (adamscochran.eth)

RT @adamscochran: If you are going to let a centralized party manage a bridge - the assets *MUST* be legally separated in FBO accounts othe…

If you are going to let a centralized party manage a bridge - the assets *MUST* be legally separated in FBO accounts otherwise they are subject to bankruptcy.

Biggest market risk here is for sure wBTC. https://t.co/iecO6BlQZK

It feels like most ppl are ignoring the bankruptcy risk for bridged assets.

- Assets bridged to smartBCH were rugged by CoinFlex when it went under due to not liquidating roger ver
- FTX bridge on solana rugged by liquidators
- BTC backing renBTC rugged by liquidators too

Twitter

RT @adamscochran: If you are going to let a centralized party manage a bridge - the assets *MUST* be legally separated in FBO ac

If you are going to let a centralized party manage a bridge - the assets *MUST* be legally separated in FBO accounts otherwise they are subject to bankruptcy.

Biggest market risk here is for sure wBTC.

If you are going to let a centralized party manage a bridge - the assets MUST be legally separated in FBO accounts otherwise t

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