Public Service Announcement:.
15 Jan 2023, 15:10
Public Service Announcement:
Be advised that Stakecube, an exchange and custodial pool provider serving 70+ blockchains, has announced insolvency. Based on their website, around 350,000 SYS are held in a Stakecube pool, representing 3 or 4 masternodes at most. While this is not a high number in the face of Syscoin's ~2500 masternodes in total, it is important for those users to be aware.
If you are one of the few with assets in a Stakecube pool, we advise you to withdraw.
This type of event is one of the main risks of using services that take custody of your assets and require your trust. While Stakecube provided a very convenient service, the Syscoin team and community frequently explained the caveat of using their service.
Always remember: Not your keys, not your SYS!
Stakecube's announcement: