We now have sufficient reason to believe that Firano has been misleading the Nano Core Team and the community regarding the solvency of the BitGrail exchange for a significant period of time.
Firano has since taken to social media to attack the Nano Core team, and continue the narrative of the assets being stolen rather than the exchange proving to be insolvent.
NANO on BitGrail have been stolen.
Unfortunately there is no way to give it back to you at 100% (we only got 4 MLN XRN right now).
The devs, as you have guessed, dont want to collaborate
— Francesco The Bomber (@bomberfrancy) February 9, 2018
Once the news broke about the hack and issues of insolvency, the price of Nano dropped from $11.78 to $9.12 and has been on a general downtrend. The price of Nano may continue to drop as the investigation into the situation involving the missing asset continues.
Do you think BitGrail was hacked, or do you think that the exchange has been insolvent for months – let us know in the comments below!
Image courtesy of Flickr/@slgckgc, Flickr/@Thomas, and CoinMarketCap
The post BitGrail Cryptocurrency Exchange Hacked, $170 Million in Nano Allegedly Stolen appeared first on Bitcoinist.com.