CEO Kris Marszalek says the transfer was a mistake, and Crypto.com has since recovered its funds . James Schueler (real name of the businessman) showed a talent for Kris Marszalek is a very successful businessperson. We want to hear from you. BitStarz Player Wins Record-Breaking $2,459,124! Rob Milburn ITV Age, Cause Of Death, and Net Worth, Who is Olga Naum? Marszaleks successful activities with Crypto.com will continue in 2022. Over $1 million was paid out to Marszalek. The company also has brand partnerships with the Ultimate Fighting Championship, the Paris Saint-Germain soccer. [6] [7] 2023 CNBC LLC. In a post on Twitter, Crypto.com CEO Kris Marszalek says the company was supposed to send the crypto to one of its cold, or offline, wallets, but accidentally sent it to a whitelisted address belonging to its corporate account at Gate.io. Marszalek pushed back on claims it was misappropriating users' funds Monday, stating in the AMA that "we do not trade customers' assets.". He founded the crypto debit card and payment platform Monaco in 2016 and raised $26.7 million in the first coin sale in the spring of 2017. Crypto.com's chief executive, Kris Marszalek, hopes that the new name will come to be seen as a sign of the times. He has funded many important projects that help people all over Stay away.. Currently, MCO Visa card is in the final phase of testing. Users on Twitter confirmed that Crypto.com received its funds back about a week later, transferring 285,000 Ethereum (~350 million USD) into one wallet and putting the remaining 35,000 Ethereum (~43 million USD) into another. Bitcoin Bear Market: Almost Over or More Pain Ahead? [2], Marszalek obtained his first Degree atAdam Mickiewicz University in Poznain 1998-2001.[3]. He said he understands users' wish to see the audit released sooner, but that auditing firms "don't operate on crypto speed.". This all happened in 2016. z o.o. Unfortunately, its difficult to calculate Kris Marszaleks net worth. A journalist and trader who enjoys writing, technical analysis and consulting. This allowed him to significantly increase his net worth. tribute to the fact that for all his outrageous businessman does not forget January 25, 2022. This website uses cookies to improve your experience while you navigate through the website. The MCOVisa card offers a cashback of 5%, which is difficult to pay with cryptocurrencies.[5]. talent. Kris Marszalek is 5 feet 8 inches tall and weighs 62 kilograms. He added that Crypto.com has never used its CRO token as collateral for any loans in its history. US Celeb Age is a very exciting page where you will get to know your favorite celebrities age, Birthdays, and birthplaces. Kris Marszalek, CEO and cofounder of Crypto.comwhich reportedly paid over $700 million for the naming rights to the arenaleft his last job amid accusations from customers and business. Kris Marszalek estimated net worth is $700 Million approx. Experts told The Verge that Crypto.com could have attracted as much as $10 million, however Monaco CEO Kris Marszalek declined to go into the specifics. YouTube blog and a popular Twitter account. In 2021, Our content is updated regularly to keep our privacy-minded readers safe, informed & up to date. Get this delivered to your inbox, and more info about our products and services. 2023, he most likely made some purchases. About half of this amount he Kris Marszalek has played numerousexecutiveroles in various ventures, ranging fromE-commercesolutions to mobile app development. IQ.wiki's vision is to bring blockchain knowledge to the world and knowledge onto the blockchain. It was then, during a slump in cryptocurrency. The 10 provinces that were hit by the earthquake contribute as much as 10 Twitter rolls back $8 Blue service days after launch; users flummoxed, International Business Times, Singapore Edition, Dark Fleet of 600 Oil Tankers Carry Russian Crude Despite Western Sanctions - Report, World Bank Announces Additional $2.5 Billion In Ukraine Aid; Total Reaches $20.6 Billion, Tadrus Capital: A Successful and Honest Firm, 3 Proven ETF Trading Strategies That Work in Any Market, Global Consulting Giant McKinsey to Cut 2,000 Jobs After Aggressively Adding Headcount in Recent Years, Chinese Stock Markets Slated to Post 24% Rise This Year, Goldman Sachs Says, Iran Attacked Oil Tanker Operated by Israeli-Owned Company in Persian Gulf, Benjamin Netanyahu Says, Tesla to Buy Out Sigma Lithium Corp? Richard took profits and got rid of a significant part of the crypto assets. Over the course of 2008 and 2009, Marszalek and his partner were transferred nearly $3 million in payments from Starline, according to the documents. "We never engage as a company in any irresponsible lending practices, we never took any third-party risks," Marszalek said in an "ask me anything" on YouTube. He believes that theMCO Visa card could play a key role in helping to offer utility to digital currency holders. Robbie Knievel's net worth reflects his years of experience as a stunt performer; Kris Marszalek has been the CEO at Crypto.com since June 2016 and is currently based in Hong Kong. This crypto gurus birth name is Kris Marszalek. At first he sold stereos and Crypto.com is a cryptocurrency company that started in2017by offering payment cards with VISA. entrepreneurial activity from childhood. One is a standard one while the other is an exclusive one for digital currency concierge service known as MCO Private. The crypto payment company Monaco is a familiar name to many cryptocurrency enthusiasts. Data is a real-time snapshot *Data is delayed at least 15 minutes. If it is true what an ex-CDC employee claims and the transfers go through a series of checks, it is even more worrisome that this could've happened. Lees ons privacybeleid en cookiebeleid voor meer informatie over hoe we uw persoonsgegevens gebruiken. Bobby Bao is a . Find out more about how we use your personal data in our privacy policy and cookie policy. Kris was Chief Executive Officer for Ensogo. This category only includes cookies that ensures basic functionalities and security features of the website. Kris Marszalek (Polish entrepreneur) is the CEO and co-founder of Crypto.com. One big difference between Crypto.com and larger-volume rivals like Coinbase and FTX is that Marszalek's . The Crypto.com "only had exposure of under $10 million when FTX shut down," he added. He has always FTX raised $900 million from the likes of Coinbase Ventures and SoftBank in July 2021 at an $18 billion valuation, helping make Bankman-Fried one of the richest people under 30 in history. Kris Marszalek net worth is estimated in the millions. New process and features were implemented to prevent this from reoccurring," Marszalek said, IANS reported. when BTC was worth $1. The prospects for becoming a billionaire in the coming years Asked about this Monday, Marszalek said this was just a reflection of the assets Crypto.com customers were buying. It pays to be born rich. The 20-year exclusive naming rights deal was reportedly worth roughly $700 million. Chief executive Kris Marszalek said on Twitter on Sunday that the exchange . Blokt is a leading independent privacy resource. U kunt uw keuzes te allen tijde wijzigen door te klikken op de links 'Privacydashboard' op onze sites en in onze apps. The majority of Marszalek's wealth is derived from his ownership of Crypto.com. Kris MarszalekCROCEOKris Marszalek2003. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. Additionally, Crypto.coms offering was expanded to financial decentralization with the introduction of DeFi Swap which is a decentralized exchange. Als u uw keuzes wilt aanpassen, klik dan op 'Privacyinstellingen beheren'. At the time of writing, the CRO price trades at $0.070, up . Got a confidential news tip? FTX tried to reach a deal to be acquired by Binance, the largest venue for trading digital assets, but this fell apart after Binance backed out citing reports of mishandled customer funds and alleged U.S. government investigations into FTX. Monaco rebranded to Crypto.com after purchasing a popular domain in a private transaction. Marszalek's gratitude to the SHIB community comes without surprise, as several indications suggest that Crypto.com is proliferated with Shiba Inu investors. Richard Heart Education Kris Marszalek graduated from Uniwersytet im. Company Type For Profit. That's the first step. 2021 Blokt - Richmond Bridge House, 419 Richmond Road, Richmond, Twickenham, TW1 2EX, UK. "In the next few years, people will look back at this moment as the moment. Kris Marszalek is currently Chief Executive Officer at Crypto.com - View - Crypto.com org chart Create your alert to follow the career of Kris Marszalek. Was trading NBA Top Shots actually like trading stocks? 5,205 crore). He has about the same amount of ETH on his wallet. Mr. Marszalek also spoke extensively about various benefits. with analysts who estimate its net worth at $1 billion or more. The online platform crypto.com suspended customer withdrawals for about 14 hours on Monday, after reports of unauthorised activity in the accounts of some users, the company said. This hack on the platform comes just days after Crypto.com decided to expand the size of its investment arm called Crypto.com Capital to $500 million (roughly Rs. From this growth, he earned approximately $500 million. Read: Barry Silbert Net Worth 2023 | How did Barry Silbert Spend His Wealth? "We do not run a hedge fund, we do not trade customers' assets. Crypto.com is a payment and cryptocurrency platform that empowers users to buy, sell, and pay with crypto. These cookies do not store any personal information. Paul Vigna. STR-Capital Review A Heaven of Trading for Modern Traders, Bitcoin Cash Hard Fork (15 November 2018): All You Need to Know, Review of PrimeXBT Exchange, In-Depth Guide, Aleph Zero (AZERO) Token Price and Review, Jack Mallers Net Worth: Income, Bitcoin, Forbes, Winklevoss Twins Net Worth: Income, Bitcoin, Forbes. The second step is going to move the exchange into the app. Crypto.com just admitted to making another very large and concerning clerical error: it mistakenly sent 320,000 in Ethereum (~$416 million USD) to another cryptocurrency exchange, called Gate.io, about three weeks ago (via Web3 Is Going Just Great). Save my name, email, and website in this browser for the next time I comment. Cryptocom CEO Kris Marszalek has an issue with coinmarketcap.com's exchange volume rankings, according to a tweet he published on December 25. Kris Marszalek reassured users that Crypto.com's exposure was minimal, while adding that the ETH was never at risk of being lost. Initially founded as Monaco in 2016 to give everyday users better control over their finances and data, the company rebranded to Crypto.com to better reflect its core mission: to accelerate the global adoption of cryptocurrency. We believe Sign up for Early Registration for #DELTASummit 2020 . This is part of his image. Kris Jenner is an American reality television star, producer, media personality, and author who has a net worth of $170 million. Similarly, for those who purchase 50,000 MCO tokens, the elite obsidian black card will be issued. We are 2nd/3rd on @coingecko so you guys know where to look for real and market neutral data Kris | Crypto.com (@Kris_HK) December 25, 2021 CryptoCom is currently ranked number 14 on CoinMarketCap, with $1.8 billion in trading volume . the world. Among the perks included is an exclusive access to digital currency associated events, dedicated customer service by phone along with guidance and advice from its platform. The company was initially founded in Hong Kong [4] by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as "Monaco". What is DeFi, and could it upend finance as we know it? attention of the public to his wealth (expensive watches, car collection, that men have about 40-50 million dollars left in BTC and some other Crypto.com Exchange Lists BONE, the Governance Token for ShibaSwap, SmartMoney Transfers 182 Billion SHIB to Crypto.com and Gemini, Crypto.com's Secrets: What the Transparent Exchange Isn't Telling Us, Association of Southeast Asian Nations (ASEAN). Kris Marszalek founded the crypto debit card and payment platform "Monaco" in 2016. "It was supposed to be a move to a new cold storage address, but was sent to a whitelisted external exchange address. The net worth of Kris Marszalek is estimated at $700million. Former handle of Kris Marszalek, CEO of https://t.co/SvP9Ujjku0 Follow him now @Kris Since then, it has expanded its line of services in several new directions. The company shut down one day, all of a sudden. A source told CNBC previously that Bankman-Fried's Alameda was borrowing from FTX and using the exchange's FTT token to back those loans. Barry Silbert Net Worth 2023 | How did Barry Silbert Spend His Wealth? Jackson Palmer Net Worth: How Rich Is DogeCoin Founder. While Gate.io published its asset audit snapshot on October 19th and, clarified that Crypto.coms deposit was not included, Crypto.com provided partial proof of reserves on November 11th. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. In its own statement, Gate.io said the transactions were the result of an "operation error transfer" and that all assets have since been returned to Crypto.com. On March 27, 2018, Forbes selected co-founder and managing director Bobby Bao as a member of Forbes Asia 30 Under 30 List in the Finance & Venture Capital category. The 25-year-old is reportedly the highest-paid model in the world, with Forbes reporting that she took home $22.5 million for her runway walks in 2018. According to Crypto.com CEO Kris Marszalek, the exchange was supposed to send 320,000 cryptos to one of its offline wallets, but accidentally sent it to a "whitelisted" address belonging to the corporate account at Gate.io. Kris: We are taking it step by step, you can see that the exchange itself is improving, full responsive design, so you can use it on your mobile right now. "If it was only about money he'd have. newspapers, then he created his own platform for selling goods. Still if a crypto platform manages to move almost half a billion worth of assets to a wrong address, it is always worrying. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Kris Marszalek, Co-Founder and CEO of Crypto.com, a trading platform, says they added Doge to their platform on January 29 due to high demand. Founded in 2016, Crypto.com today serves over 10 . After digging into Crypto.coms transactions, one user, Conor Grogan, points out that the exchange sent 320,000 in Ethereum to Gate.io on October 21st, an amount that makes up about 80 percent of the companys Ethereum holdings. The value of the weight tends to change frequently so a different value at a later time should not be confusing. Crypto.com sent about $400 million worth of Ethereum to another cryptocurrency exchange, Gate.io. sites as a source of his income. Crypto.com is a pioneering payments and cryptocurrency platform seeking to accelerate the world's transition to cryptocurrency. The crypto payment company Monaco is a familiar name to many cryptocurrency enthusiasts. Sign up for free newsletters and get more CNBC delivered to your inbox. It was founded in 2016 and was the first to offer users control over their finances using blockchain-based cards. Kris Marszalek CEO at Crypto.com Singapore 17K followers 500+ connections Join to view profile Crypto.com About Founded in 2016, Crypto.com is trusted by more than 80 million customers. We worked with Gate team and the funds were subsequently returned to our cold storage. Crypto.com CEO Kris Marszalek said his firm had a "tremendously strong balance sheet" and wasn't engaged in the kinds of practices that caused FTX's collapse. etc.). Binance CEO Changpeng CZ Zhao appeared to allude to the situation in a tweet on Sunday morning, stating: If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Jake The Crypto King is an American Crypto Degen, Trader, Influencer, and Investor. These cookies will be stored in your browser only with your consent. All Rights Reserved. James Schueler had a capital of about $50 million. Crypto.com CEO Kris Marszalek Admits Ethereum Worth $400 Million Was Sent by Mistake to Gate.io By IBTimes APAC Desk November 14, 2022 13:25 +08 The media could not be loaded, either because. The 320,000 ether accounted for 80% of the Ethereum tokens that Crypto.com held and was worth about US$400 million. He decided to try out a new market, as he was always looking for new ways to make money on the Internet. A lawsuit will decide. Marzsalek's LinkedIn page says he grew the business into a 400-person company with $81 million in sales in three years.There was much more to the story.Marszalek owned 50% of the company, sharing ownership and control with another Hong-Kong based individual, who partnered with Marszalek in multiple ventures. He is a citizen of the United States of America. The company has continued to secure multi-million-dollar deals throughout the globe. FTX filed for Chapter 11 bankruptcy protection on Friday after concerns over the company's financial health resulted in a run on the exchange and a plunge in the value of its native FTT token. Cryptocom CEO Complains About Coinmarketcapcom's Exchange Rankings The cards would come in ice white and elite obsidian black colors. People Like Kris Marszalek . Right now, his wealth is based primarily on investments in cryptocurrencies. In 2018, Monaco relaunched as Crypto.com to promote the worldwide transition to cryptocurrency. capital. Elle permet de rgler ses achats dans tous les endroits qui acceptent les paiements par carte. He was able to give the project a good publicity. "We store whatever our customers buy and it so happens that last year doge and shib were two extremely hot meme coins," he said. Kris Marszalek is the CEO of Crypto.com. Talking about the rebranding of the company to Crypto.com by Hong Kong-based Monaco, Marszalek said: We will strive to deliver impact worthy of the name and build infrastructure that enables growth of the ecosystem, delivering on the promise of a decentralized future.. "To its credit, Crypto.com continues to have the funds to meet these withdrawals, lending further credence to its CEO's claims that their assets are backed 1:1," Owen Rapaport, co-founder and CEO of Argus, told CNBC via email. Crypto.com and Gate.io said they were sent by mistake and were quickly returned to Crypto.com after the error was identified. Cronos was worth over $22 billion at the height of the cryptocurrency boom at this time last year. He said that the aim is to speed up the international development, adoption, and transition towards virtual currencies. millionaire. Crypto.com CEO Kris Marszalek in an AMA clears the FUD surrounding liquidity problems, proof of reserves, FTX exposure, and FIFA partnership. "This means that we are not taking any market risk, we are always market neutral. Which industries do these Sub-Organization operate in? Kris Marszalek net worth is an estimated rate of $700 million. - CNBC's Kate Rooney and Paige Tortorelli. But do not Bankman-Fried declined to comment on allegations of misappropriating customer funds but said its recent bankruptcy filing was the result of issues with a leveraged trading position. Kris Marszalek Net Worth: How Rich Is Crypto.com Founder? Privacy, Tech, Bitcoin, Blockchain & Cryptocurrency, Everything You Need to Know About Kris Marszaleks MCO Visa Cards, Crypto.com's MCO Visa Cards Begin Shipping to, The US Will Receive MCO Visa Cards, the New, What You Need to Know About GPU Crypto Mining, Two-Factor Authentication (2FA) - Why You Need It In 2020, Crypto.com Acquired for an Undisclosed Amount by, MasterCard Could Bring Crypto Payments to Credit Cards. Crypto.com sent cryptocurrency worth more than $400 million to another crypto exchange by mistake. phenomenal rise in the price of HEX is largely due to Richards marketing A nice reminder to audit the code of the DeFi protocol youre using. On Monday, the company admitted that 483 users were affected by unauthorized cryptocurrency withdrawals on their accounts, costing a total of "4,836.26 ETH, 443.93 BTC, and approximately US$66,200 . Crypto.com is one of numerous exchanges that have committed to providing a breakdown of the reserves that back customer assets to reassure users after the bankruptcy of FTX. posted the companys cold wallet addresses, Crypto.com giving a customer $7.2 million instead of a $68 refund, proof of reserves that numerous crypto exchanges promised, As FTX sinks, other crypto exchanges are showing their coins, FTX says unauthorized transactions drained millions from the exchange, Crypto collapse: FTXs fall is one piece of a long, cold, contagious crypto winter, SEC comes out againstBinance.USs $1 billion deal to buy a bankrupt crypto firms assets, A Signal group is at the center of Bankman-Frieds latest woes. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Launched in Singapore in November 2018, the Crypto.com pre-paid Visa Card was one of the first cards tied to bitcoin on the market and is currently the largest Visa program of its kind, with 31 . . "In this particular case the whitelisted address belonged to one of our corporate accounts in a 3rd party exchange instead of our cold wallet," he added. Follow 24/7 Crypto on Twitter for the latest news and developments as they happen Kris Marszalek, who is the CEO and co-founder ofblockchain-powered startup firm Crypto.com,announced the launch of theMCO Visa card. In The man uses them as platforms for marketing. We'll assume you're ok with this, but you can opt-out if you wish. Do you wish to know how much Kris Marszalek net worth is? >>>, National Digital Asset Exchange Supporting Ripples XRP, Texas Regulator Targets Unregulated Crypto Firms With C&D Order, AI and Crypto: Examining the Hype and Recent Price Trends, Bitcoin Falls for the 8th Week, Setting New Record. Kris Marszalek CEO & Co Founder of Cypto comDELTA Summit 2019Sad you missed out on this year's event? Founded Date Jun 2016. ", That did little to assuage investor concerns, however, with traders speculating Crypto.com may be facing liquidity issues of its own and dipping into customer funds after the FTX collapse. statements of the creator of the altcoin should not be taken too literally. Reports indicated that Monaco had acquired Crypto.com for about $10 million. Auf der Brse knnen Kryptowhrungen, Derivate und Non-Fungible Token gehandelt werden. 2023 Vox Media, LLC. Crypto.com co-founder and CEO, Kris Marszalek announced the launch of MCO Visa card. Kris Marszalek, who is the CEO and co-founder of blockchain-powered startup firm Crypto.com, announced the launch of the MCO Visa card.The card will enable users to spend digital coins at more than 40 million places. He has made a name for himself in public thanks to his countless successes. He is Cryptos, Chief Executive Officer. Kris Marszalek has a net value of $700,000,000 and is a successful CEO. Kris Marszalek is the Founder and CEO of Crypto.com. He was born on May 10, 1975. In addition, he makes $8,235,740 as Chairman of the Board and Chief Executive Officer at . Gate.io also issued a response, noting that it started returning the funds once it realized the transfer was an operation error. But hey, at least Crypto.coms funds were actually returned this time. Over that same timeframe, Crypto.com added $62 million in ether and $140 million of other digital assets to meet the withdrawals, according to Argus. Viraj aims to share his knowledge on markets and cryptocurrencies in a clear, concise way. earned thanks to Bitcoin. 3,720 crore) aiming to help fund Web3 startups. Foris MT Limited, Foris DAX KY Group, Foris Asia Pte Ltd, Foris Inc, CRO DAX Limited, Edit Lists Featuring This Company Section. To what extent does reality match the picture Marszalek is continuing his dream of providing a platform for the retail sector that will free it from the financial constraints of traditional finance, and empower everyone with a tool that allows them to be autonomous and self-sufficient with their money. If you would like to customise your choices, click 'Manage privacy settings'. Many investors and customers lost their money. Celebrity Net Worth now estimates that. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Legal Name Foris DAX MT Limited. Also Known As Foris MT Limited, Foris DAX KY Group, Foris Asia Pte Ltd, Foris Inc, CRO DAX Limited. Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. It was among the first debit cards based on blockchain that was launched in the year 2016, giving customers the ability to control their money and personal data. He is quite a very successful person. Crypto.com is a cryptocurrency exchange app based in Singapore. This leaves him with the opportunity to significantly Kris Marszalek was born on May 10, 1975, which means that Kris Marszalek is currently 47 years old. The card will be available in the United States, Europe, and Asia. Kris Marszalek, CEO and cofounder of Crypto.comwhich reportedly paid over $700 million for the naming rights to the arenaleft his last job amid accusations from customers and business. As much as we would like to provide you with this information, we currently do not have details of it. Source: Bloomberg An exact value. Wanneer u onze sites en apps gebruikt, gebruiken we, gebruikers authenticeren, veiligheidsmaatregelen toepassen en spam en misbruik voorkomen, en, gepersonaliseerde advertenties en content weergeven op basis van interesseprofielen, de effectiviteit meten van gepersonaliseerde advertenties en content, en, onze producten en services ontwikkelen en verbeteren. Kris Marszalek net worth is estimated at around $700 Million According to the sources on the internet it was reported that in the year 2021 Crypto.com is said to be valued at $700 Million Hayden adam net worth Kevin sneader net worth Emilie choi net worth HEX cryptocurrency. Do you wish to know how old Kris Marszalek is currently? A passionate entrepreneur Kris has tremendous experience and expertise in building companies from scratch and . James Schueler has given approximately 10% of his capital to Kris Marszalekis theChief executive officer(CEO) ofCrypto.com, who is known for hiscryptocurrencybusiness..css-j5bs4k{transition-property:var(--chakra-transition-property-common);transition-duration:var(--chakra-transition-duration-fast);transition-timing-function:var(--chakra-transition-easing-ease-out);cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:2px solid transparent;outline-offset:2px;color:var(--chakra-colors-brandLinkColor);border-radius:100px;}.css-j5bs4k:hover,.css-j5bs4k[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.css-j5bs4k:focus-visible,.css-j5bs4k[data-focus-visible]{box-shadow:var(--chakra-shadows-outline);}.css-j5bs4k:focus,.css-j5bs4k[data-focus]{outline:2px solid transparent;outline-offset:2px;-webkit-text-decoration:underline;text-decoration:underline;}.css-e7701b{scroll-margin-top:50vh;background-color:var(--chakra-colors-transparent);box-shadow:var(--chakra-shadows-none);border-radius:2px;z-index:-1;}[1][6] He is also the CEO at Foris.
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