Does anyone know what happened to sbUSD on SmartBCH. Seems $1 is only worth $0.42. Did it collapse already?

I know I am an idiot but I put nearly $20k into this stupid stable coin idea.

Anyone know what happened? Any way to get any of my money back from these people?

Thanks.

Does anyone know what happened to sbUSD on SmartBCH. Seems $1 is only worth $0.42. Did it collapse already?

8 thoughts on “Does anyone know what happened to sbUSD on SmartBCH. Seems $1 is only worth $0.42. Did it collapse already?”

  1. Its a scam token by Kain niaK. You give him 1 busd he gives u 1 sbusd. He stole about $300k this way. He’s never going to give back busd even tho he promised. He likes to shittalk about tether but he’s no different.

    https://sbusd.cash/whitepaper

    LULZ

  2. Hate to see it.. we gotta get this crap regulated if we want long term adoption

  3. It’s true price (or value?) is closer to 15 cents, if we divide sBUSD by bcUSDT, since Mist swaps btwn them. I like to follow the TG smartBUSD.

    The problems with flexUSD (the real backing) Graph-Search on SLP have inspired me to run my own BCHD server. However I’ve run into some technical difficulties (only works with Authorized Cert, like from LetsEncrypt, but I’m behind a double-NAT & now I’m trying to install Windows to NVMe on an old PC, etc).

  4. Yeah it’s down 82%. I think you’re fucked. Buy silver and hold it in your own hands. It’s a lot safer

  5. Broo I made a good 5K from these swaps. I started out with 1 BCH and turned it up solely by MistSwap farms and swaps with Kain. It’s sad what happened to SLP infrastructure and Coinflex.

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