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Ronaldinho launches another encrypted currency, facing a violent reaction – Cryptomode

Ronaldinho Gaúcho, a legendary Brazilian football icon, has become the latest public figure in the coded currency area with the launch of the “official symbol”. The distinctive symbol, which is circulated under $ Star10, was launched on the BNB series.

Roj Gaúcho to the distinctive symbol as “its only official symbol” in A. statement It was published on X, declaring it is a way to “celebrate greatness and passion.” The Star10 Website Promising holders explain the promising access to the exclusive “challenges, rewards and events” associated with the athlete.

However, the ceremonial launch quickly overwhelmed the dangerous security concerns. S hardly after its first appearance, the independent smart contracts in GoPlus Security, a Blockchain security company, has identified a decisive security vulnerability within the basic code of the distinctive symbol.

They warned that this defect gave the developer of the distinctive symbol unilateral strength to seize the user’s holdings and burn the distinctive symbols at the will.

“Goplus found that the owner can burn the symbols of any pregnant woman at the will. Since the property was not abandoned, all the symbols are at risk of destruction without warning.”

After the warning was announced, it appears that the team behind the distinctive symbol has been apparently transmitted to address this issue, as GoPlus Security later indicated that developers “abandoned the ownership” of the smart contract to abandon their administrative control over the distinctive symbol.

Distinguished symbol for Ronaldinho “the only official”

Although the rapid procedure for correcting the security defect may calm some immediate concerns, the questions continue with regard to the commercial activity surrounding the release of the distinctive symbol. Data from Lookonchain, Blockchain Analysis Company, revealed that Star10’s wallet Participate in large symbolic purchases before launch.

Nearly two and a half hours before the official announcement that connects the distinctive symbol to Gaúcho, the 80 BNB portfolio, at a value of approximately $ 50,000, spent more than 122 million star icons 10, represented 12 percent of the total symbolic show.

Moreover, it should be noted that Ronaldinho released in the past the other “official” symbols, after it was launched in 2018 Ronaldinho Soccer Coin (RSC), and later on the Solana headquarters icon.

All these symbols witnessed that their prices rise shortly after the launch, but then she has now retreated and has a little activity.

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