Lost Crypto?
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 31 October 2018
⏱️ 8 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | A shadowy cryptocurrency exchange is leaking money, even as its users cry foul over frozen withdrawals. |
| 0:08.3 | Good evening. I'm Stan Higgins, and this is late confirmation from CoinDest, bringing you |
| 0:13.9 | the top stories from October 31st, the Bitcoin White Paper's 10th birthday. Also on today's show, |
| 0:22.5 | former Federal Reserve Chair Janet Yellen has been gifted a small amount of Bitcoin and new documents show that officials |
| 0:28.1 | in India recently met to discuss a possible ban on so-called private cryptocurrencies. |
| 0:34.4 | Stay tuned for more on these stories on today's show. |
| 0:39.5 | The world's largest cryptocurrency exchange, Binance, has frozen accounts that received more |
| 0:45.3 | than 93,000 ether from two wallets indirectly linked to the troubled Russian Bitcoin |
| 0:51.4 | Exchange, W-E-X. The accounts were frozen on October 25th, Leah Lee, a spokeswoman for Binance, told CoinDesk. |
| 1:00.3 | The action was taken in response to pleas from W.E.X users, who have been watching the Ethereum |
| 1:05.7 | blockchain, the loan location of a public wallet belonging to the W.E.X. Exchange, uneasily in recent months, |
| 1:12.2 | while they have been unable to withdraw their funds from the exchange. These users traced the flow |
| 1:16.9 | of funds through the Ethereum blockchain and concluded that the two wallets that sent the ether |
| 1:21.7 | to Binance in 25 transactions from August through October were controlled by entities related to WEX. The traders have |
| 1:30.4 | expressed concern that they won't get their money back now that the funds have been moved to |
| 1:33.9 | Binance. They are worried because WEX, a successor to the defunct BTCE exchange that inherited its |
| 1:41.0 | infrastructure, has not allowed withdrawals for major cryptocurrencies like |
| 1:44.7 | Bitcoin and Dether since July. Given a lack of answers or clarity about the state of affairs |
| 1:50.7 | at W-E-X, frustrated users began filing police reports with Russian authorities earlier this month. |
| 1:57.6 | You can read our full investigative report on CoinDesk.com. |
| 2:03.6 | She may not be a fan of Bitcoin, but former Federal Reserve Chair Janet Yellen now has a small amount of Bitcoin in her possession. |
| 2:11.6 | On Monday, Yellen explained why she believes Bitcoin is not a useful form of currency during an appearance at the |
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