Blue Protocol, an ECR-20 token claiming to bring “world-class security” to the unregulated cryptocurrency industry, is threatening to expose a list of shitcoins it has uncovered.

In a tweet on Monday, the Blue Protocol team revealed that more than half of the top 50 cryptocurrencies are vulnerable to extremely destructive flaws.
The company noted that it has been conducting manual testing to confirm the issues since February. Blue said it performed 'millions of tests per second' to fuzz out any issues, because, they "actually care about the success of their customers' coins".

In a Twitter post, Edward Garrett, the CCO for Blue Protocol, welcomed the 'exposure', stating that:

I have also been reaching out to exchanges (as well their snr leadership via LinkedIn and their personal email) with significant token volume to warn & help them should anyone try to take advantage of these flaws once they became public. None of them responded. Sorry not sorry.

While the news has been making rounds on social media platforms, many are wondering if the vulnerabilities are critical enough to warrant public exposure, saying that Blue protocol might cause more harm than good by exposing the list.

Some investors have accused BLUE of spreading FUD to destroy the value of their holdings. However, BLUE goes against these accusations head-on.

The cryptocurrency market has suffered a bearish movement since the beginning of the year, as many altcoins loses more than half of their value. Blue Protocol indicated that these altcoins that are dumping have proved their true value and soon we'll be left with only the valuable coins.

Investors now have to wait with folded arms as Blue Protocol releases its shitlist tomorrow (If, it'll be released). As always. BitZamp will keep you updated.