The director of the largest US cryptocurrency exchange, Coinbase, has provided new data on the assets of the now-defunct decentralized trading platform Etherdelta.
Etherdelta was one of the first decentralized trading platforms (DEX), which opened in 2016. Since then, the platform’s operations have been suspended after the US Securities and Exchange Commission brought charges against the platform’s founders. However, according to Coinbase director Conor Grogan, Etherdelta’s smart contracts are still active. What’s more, Etherdelta still has about $42 million in customer assets, and not all customers are aware:
“Etherdelta, one of the first DEXs, shut down in 2018 after the SEC came out against its founders, but the smart contracts are still working. Today, they still hold $42 million in assets, most of which people seem to have forgotten about.”
The Coinbase director gave a number of addresses where the cryptocurrency remains, adding that the assets can be withdrawn. At one point, US authorities were not the only ones with questions about Etherdelta. Chinese authorities also accused the platform of fraud in 2019.
