Conor Grogan Finds $322,000 in Forgotten Digital Assets
Conor Grogan, the head of product at Coinbase, recently made a fortunate discovery. He found $322,000 worth of digital assets that belonged to someone who was unaware of their existence. These funds were transferred after Ethereum’s hard fork in 2016. Grogan took to Twitter to announce that he had also tracked down “6+ figures” for others who had forgotten about funds they had onchain or had received through airdrops. One reason for this oversight is that many people were not aware that they were in the snapshot during the Ethereum hard fork. Grogan’s findings have been met with praise and admiration from the crypto community.
Main Points:
– Conor Grogan, the head of product at Coinbase, found $322,000 in forgotten digital assets.
– These assets were transferred after Ethereum’s hard fork in 2016.
– Grogan also discovered funds for others who had forgotten about them or received them through airdrops.
– Many people were not aware that they were included in the snapshot during the Ethereum hard fork.
– Grogan’s findings have been widely praised by the crypto community.
Ethereum Classic: The Original Form of Ethereum
Ethereum Classic, often considered the original version of the Ethereum blockchain protocol, is an open-source, decentralized cryptocurrency platform that runs smart contracts. It was created in 2016 as a result of the DAO hack, in which hackers stole a significant amount of Ethereum. This led to a split in the Ethereum community, with some members wanting to restore the stolen funds and others advocating for “Code is Law.” Ethereum Classic has its own native token called ETC, which has been performing well recently with a current value of around $20.
Hot Take:
Conor Grogan’s discovery of forgotten digital assets is a reminder of the potential value that may be sitting unnoticed in the cryptocurrency world. It serves as a cautionary tale for individuals to keep track of their holdings and stay informed about developments in the blockchain ecosystem. Grogan’s efforts to reconnect people with their funds have been commendable and demonstrate the positive impact that individuals can have in this space.
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