Crypto DEX Etherdelta Still Owns $42 Million in Customer Assets by CoinEdition

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© Reuters Defunct Crypto DEX Etherdelta still holds $42 million in client assets
  • A Coinbase (NASDAQ:) manager has updated the community about the DEX crashing with people’s assets.
  • Etherdelta still owns $42 million in customer assets.
  • In 2018, the SEC charged the founders of Etherdelta with managing assets without a record.

Connor Grosjean, a director at Coinbase, one of the leading cryptocurrency exchanges, updated the crypto community about a decentralized exchange (DEX) that has been phasing out of the market with many people’s assets trapped inside.

DEX was Etherdelta, one of the first exchanges launched in 2016, which, unfortunately, was shut down due to SEC enforcement against its founders.

However, according to Grogan, Etherdelta smart contracts are still valid. Interestingly, Etherdelta still owns $42 million in assets, which Growan believes the owners own.

… Former Crypto DEX Etherdelta still holding $42 million in customer assets made its debut in Coin Issue.

See the original on CoinEdition



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