Anonymous Trader Loses Over $1 Million Due To Unapproved Hard Fork By 0L Network

According to Foresight News, an anonymous trader, known as NN, has reported a loss of over $1 million in cryptocurrency due to an unapproved hard fork by the 0L Network team. The team behind 0L Network carried out the fork to fix a non-malicious bug that had persisted for over two years. This action resulted in a 4% reduction in the total supply of LIBRA and the destruction of tokens purchased nearly two years ago by innocent wallet holders. NN stated that he had purchased 147 million LIBRA tokens in February 2023, valued at approximately $1.47 million at the time of purchase. He later joined the protocol to assist with marketing efforts. The unapproved hard fork has led to significant losses for NN and other innocent token holders.