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HomeCryptocurrency News TodayBig risk for EOS cryptocurrency owners: Hundreds of millions of dollars of...

Big risk for EOS cryptocurrency owners: Hundreds of millions of dollars of EOS can be lost!

If you are EOS owner, hurry up and record your tokens – you will hear this warning more often in the coming days. After June 2, unregistered EOSs will be locked, unavailable, and untransferable.

If you are EOS owner, hurry up and record your tokens – you will hear this warning more often in the coming days. After June 2, unregistered EOSs will be locked, unavailable, and untransferable. Countdown to main network opening can be followed here .

Users will remain at the mercy of the EOS development unless they save their EOS via the official EOS website or send it to a stock exchange.

Half of all EOSs have not yet been recorded

According to what is available on Eosauthority.com, only 49.77 percent of all EOS tokens in roaming days remain on EOS main network startup. Approximately 523 million pieces of EOS were not recorded. It can be considered that some of these EOSs are located in some stock exchanges and have not yet been recorded. This number will decrease in the days to come, but the way it seems is that a distressing process is at the door. Hundreds of millions of dollars worth of EOS can be lost.

If you hold EOS on these stock exchanges you do not have to do anything

Stock markets such as Binance, Bitfinex, Kraken, OKEx and Kucoin have announced that they will support EOS Token clearing. So if your EOSs are in these stock markets, they will do all the work for you automatically and you have nothing to do. On the basis of all exchanges listed in the EOS, this process must be automatic for the customers. For this reason check the stock market you are using.

If you are keeping your EOS in your wallet, not at a stock exchange, then our guide can help you.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
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