CHAPTER 776: CHAPTER 256: PERILOUS PROVOCATION

Although we erased the transaction records from the server, we recorded the entire transaction process on our local storage. All these will be returned to the three major exchanges after completely finishing the test.

Please rest assured, as responsible researchers, we will not easily leak this technology. At the same time, we will also provide quantum-resistant protection technology for customers concerned about network security in the Quantum Era.

My Jingcheng Xiyu Technology Company has already started designing a LOGO, and we will authorize exchanges that have accepted our quantum-resistant protection to display this LOGO on their official websites in the future.

Please believe, we have never intended to disrupt the normal trading of the global financial industry with this technology. On the contrary, all our goals are for the global financial industry to operate more securely and efficiently in the future.

Just as I said earlier, we welcome all tech companies worldwide to challenge our Quantum Simulation Calculation technology! My team and I will always fight to protect everyone’s wallets!

Finally, once again, thank you all for following this live broadcast. That’s all for today. You can follow the Yanbei International Mathematics Research Center’s official website or my Weibo for future similar live broadcasts. I’ll notify you in advance in these two places! Goodbye!"

After speaking, Qiao Yu decisively ended the live broadcast and casually asked, "How did I perform today?"

"Perfect!" the manager was the first to say, followed by applause in the office, and many participants breathed a sigh of relief. Then, the world went crazy.

...

If someone had to be chosen as the most distressed at this moment, it would probably be the owners of the three major exchanges and the investors behind those exchanges.

The protection fee doesn’t really matter. The meaning of Qiao Yu’s last words in the live broadcast was already very clear. The protection fee is definitely unavoidable.

All of this can be negotiated.

But Qiao Yu’s statement that the virtual coins moved by the team will be returned after the test is completely over left everyone’s hearts in suspense.

When will the test be completely over? Qiao Yu didn’t say!

Isn’t the test supposed to be completely over after the live broadcast ends? This is also why Microsoft contacted them as soon as the live broadcast ended; they eagerly contacted Qiao Yu, hoping to immediately terminate this test.

This isn’t just a small amount of money; just the Bitcoin loss at the Kraken exchange is worth over 600 million US dollars!

Originally it was over 800 million, but just now, due to a panic-driven sell-off, another 200 million evaporated.

Fortunately, after Qiao Yu announced that the technology wouldn’t be spread and would even provide quantum resistance protection for exchanges, the market started to stabilize.

But the exchange still lost at least 100 million dollars. When the main wallet was controlled earlier, they couldn’t control it at all.

The three exchanges currently have over 2 billion dollars of cryptocurrency hidden by Qiao Yu’s team in some unknown wallet.

If this money isn’t returned, the liquidity of the exchanges will face problems. For cryptocurrency exchanges, liquidity is their lifeline.

The cryptocurrency stored in their main wallet is the key tool to ensure their liquidity and high-frequency trading!

Taking a step back, no one wants 2 billion dollars, which rightfully belongs to them, to remain in a state of uncertainty forever, let alone like their money being in someone else’s hands, even if they themselves cannot operate it.

The live broadcast is now over, and everyone is watching their wallets, but these cryptocurrencies have not been returned to their original wallets immediately.

Under these circumstances, it’s naturally hard to be in a good mood as the owners of the money.

Even though it is already 11 PM Eastern Standard Time, clearly, no one can sleep.

Everyone is waiting for Qiao Yu to quickly give an explanation.

Especially Jesse Powell.

He didn’t go home and was still sitting alone in the empty office, staring at the screen as the just-entered secretary nervously watched his boss’s face change from cloudy to clear.

After all, the Kraken exchange was the first to have its defenses breached and suffered the most losses.

"Is there news from Huaxia? When do they plan to return those damn Bitcoins?"

Jesse Powell, who is highly educated, rarely cursed directly.

"Well, we have already talked with Mr. Zheng, our contact there. He indicated that they will only return the virtual coins in the wallet in batches after their engineering team completes a review of this test."

"What does returning in batches after the review mean? How long do we have to wait?"

"I don’t know, they did not give us a precise time. They just assured us they will definitely return them later."

"Definitely return them later? How long is later? Returning in a hundred years is also later. Will these Bitcoins still have value then?"

Hearing this, Jesse Powell finally couldn’t hold it in any longer.

If Qiao Yu had taken US dollars, it would have been easier to handle, but taking Bitcoins is terrifyingly risky now.

Don’t mention a hundred years; even if Qiao Yu holds them for a month without doing anything, he cannot accept it.

"Mr. Powell, remember Qiao Yu’s last words during the live broadcast? His team will provide quantum-resistant protection to major trading centers.

So I think maybe when we sign this technical protection contract with them, we can get back the Bitcoins that were transferred."

Jesse Powell paused, then nodded with a sullen face.

Although he had this intention, he hoped the contract would be signed under equal conditions for both parties.

He would even be willing to pay a bit more.

After all, he allocates nearly one hundred million dollars annually for trading system security. Where isn’t that money being spent? At least it can buy some goodwill.

But if the contract is reached under these current circumstances, no matter how much money he gives to the other side, Qiao Yu probably wouldn’t be grateful. He would only see it as his right.

Even setting aside these deeper issues, there’s probably no successful individual in the world who would like the feeling of being threatened.

But, after thinking about it carefully, Jesse Powell found himself helpless due to the incompetence of those technology companies.

It wouldn’t be like Microsoft, refusing to yield and blindly carrying on, would it?

No one hopes for Qiao Yu to hold another live broadcast like this, including himself.

"When do negotiations start? Did they say?"

"They said to wait for Qiao Yu’s updates; he still has a lot to do today."

Jesse Powell opened his mouth, but in the end, said nothing, only waved his hand helplessly.

"Notify me as soon as there is news."

He still has many headaches, such as how to handle inquiries from those shareholders.

The annual security budget of nearly 100 million dollars; why hasn’t it yielded the expected results? This question isn’t only his own.

...

Jesse Powell’s worries were slightly magnified. Naturally, concern is unavoidable.

Although this test caused great loss to the exchange, the shock and deterrence it brought to those investors are the truly frightening parts.

In other words, for most investors, they don’t have the time to worry about these for now.

In many people’s eyes, this incident could have been avoided. If Microsoft hadn’t poked the sensitive nerves of the Huaxia people.

Although this seems somewhat wishful thinking, as long as it isn’t evident, it doesn’t mean they won’t be so passive now.

Most important to note, Microsoft’s actions prevented many stories that could have belonged exclusively to Silicon Valley from being completely told. Even if they wish to continue, they have to involve Huaxia.

This is an unacceptable setback for many capitalists. In other words, they cannot accept the reality of having their capital security lying within someone else’s control.

"This is a war! They must share the technology! Even if we have to use nuclear weapons, we must defend the security of normal trading in the financial market! Ask the Huaxia people if they want to have a nuclear war with the whole world?"

In a conference room in the western continent late at night, a conservative person said.