IOTA
$1.71 13.18%
MIOTA · 205w

Can someone help explain the implications of Snapshots to me?

What effect does a snapshot have on the balance held on an iota seed? I’ve heard rumours that there’s a chance it wipes the balance unless you “claim” your iota back in time, however I’ve read that this only applies to people who bought their iota in the initial sale. I guess my main question is: Is someone that bought their iota recently and holds it in cold storage, at risk of losing all their iota every time there’s a snapshot?
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