Whale threatens to sue anyone if their cryptocurrencies are seized

A cryptocurrency whale threatens to sue the project Juno if their property is confiscated by the community. The confusion started after a cryptocurrency distribution, where coins were distributed across different wallets according to set rules.

After distribution, the community noticed that one wallet collected multiple coins. That is, according to the project’s most avid fans, the coin whale eventually circumvented distribution rules by receiving coins at more than one address.

Since March 2022, the whale that has won cryptocurrencies is expected to block millions by the community itself, who voted to block.

Since the beginning of that month, the price of cryptocurrency Juno was rocked with a 76% drop, now worth only US$10.60. In this way, the whale is holding $32 million, the equivalent of 166 million reais, which can only become R$2.6 million if the community stops its benefits.

Whale threatens to sue the project if his cryptocurrencies are seized

After the Juno community voted to confiscate the whale’s coins in March 2022, the network’s problems worsened. This is because the Juno network was attacked and became unavailable, without knowing the origin of the attack that stopped the network.

Anyway, in the past week, in a new poll, the coins have actually been removed from the Juno whale, whose identity has already been revealed.

The 24-year-old Japanese named Takumi Asano said the funds are owned by investors who have confidence in his work, as he is a fund manager.

The whale even said that Juno developers are selling coins and causing the price to fall.

A proposal from last week will update the blockchain to revoke user tokens after the recent attacks.

Asked by Coindesk what he thought, Takumi said if the withdrawn funds are returned to his customers, there will be no problem. However, if these values ​​are completely seized, he will have to file lawsuits against all validators on the Juno network.

Second case of cryptocurrencies seized by the community itself?

In 2016, the Ethereum network was also attacked and in that raid, a hacker took 5% of the coins. Acting quickly, the developers rushed to hard fork and banned the stolen coins.

This has created a new network and the community has to choose which network they want to continue using. Thus, Ethereum Classic, an alternative to Ethereum, was born, a big case of cryptocurrencies being seized by the community itself, even though there was no poll to approve the decision at the time.

Source: Live Coins