Bitcoin Still Bulling, QuadrigaCX Update and Sim-Swappers Facing 100 Years In Prison

Published: May 13, 2019, 4 p.m.

Bitcoin is not waiting for anybody, we hit a high of $7900 today and the volume is just pouring in, we believe it is painting the disbelief wave of the market cycle. We have been preaching to accumulate as much BTC as you can because its just the beginning, bitcoin is going to break its all time high of $20,000. QuadrigaCX is claiming they have only recovered 10% of the funds they are suppose to have, which means approximately $144 million dollars is still lost. Young and Ernest states it is not worth chasing the other 90% because it will cost a ton of money and will be a longer process with the possibility of no outcome. How does that much money go missing? The blockchain is the most transparent ledger ever, and a paper trail of that large should be easy to follow. It is looking more of a theft/fraud, which they are trying to bury. Sim-swappers are facing 100s of years in prison for stealing approximately 2.4 million dollars worth of cryptocurrencies. The hacking group "The Community" has been charged and even a young man from Ireland who will be extradited to the U.S to serve his jail time, if found guilty. With the market moving up you have the wolves coming out, make sure to protect your cryptocurrency and store them on a hardware wallet, or a wallet which you hold your private keys offline. You do not want to lose your cryptocurrency, especially when bitcoin is on route to break its previous top.

Thank you for supporting Everything Crypto. This is episode 026 of Everything Crypto