More_Ad_6196 OP t1_j5ksnfj wrote on January 23, 2023 at 6:40 PM Reply to comment by Owlstorm in eli5 - Wrapped tokens - crypto by More_Ad_6196 Woah Permalink Parent 2
More_Ad_6196 OP t1_j5ks37k wrote on January 23, 2023 at 6:37 PM Reply to comment by Owlstorm in eli5 - Wrapped tokens - crypto by More_Ad_6196 So to put it in ELI5 terms, someone can take a Bitcoin, wrap it, sell the WBTC on Ethereums chain and reverse the transaction to get back their BTC while profiting off of the WBTC sale? Permalink Parent 2
More_Ad_6196 OP t1_j5katxh wrote on January 23, 2023 at 4:50 PM Reply to comment by desferecat in eli5 - Wrapped tokens - crypto by More_Ad_6196 Thank you, so there is no loophole that people are using to use the ETH while the WETH is in circulation? Permalink Parent 2
eli5 - Wrapped tokens - crypto Submitted by More_Ad_6196 t3_10jgq7h on January 23, 2023 at 4:36 PM in explainlikeimfive 9 comments 0
More_Ad_6196 OP t1_j5ksnfj wrote
Reply to comment by Owlstorm in eli5 - Wrapped tokens - crypto by More_Ad_6196
Woah