Bitcoin Goliath's Reset Plan Sparks Fear Of Lost Revenue, Blockchain Collapse

In what augers to be a seismic event, it has been revealed that leading cryptocurrency identities considered orchestrating a wholesale "rollback" of the Bitcoin blockchain in a move that would have erased days of spending and allowed crypto-gamblers to reclaim lost wagers.

On Wednesday, the CEO of cryptocurrency exchange Binance confirmed rumours that he had attempted to gather enough support to "re-organise" the Bitcoin blockchain to recover from a $40m hack his company suffered on Monday evening.

The move would have essentially erased all Bitcoin transactions from the moment of reset back to just before hackers successfully made away with $40m worth of bitcoins stored in digital wallets.

To continue reading please log in or request a demo to speak to a member of the team.

Request a Trial

Click here to request a trial