The scammers are scaring new investors away and this must stop.
One reason why the market is on a downtrend at the moment. The security of exchanges is miserably low that they cannot protect it from hackers and intruders. The technology they are using for security is not secured and strong enough to resist hacking. Black hat hackers are really smart which is why the white hat hackers must know how the black ones think. It is their job to protect the exchange because hacking will make the exchange less credible and will affect the whole crypto market. Just like what you said, investors are getting scared now.
Well we cant blame the exchange. Exchanges site always they havea maintenance for their security but the problem the hackers theres always a way if you want something ang most of it is bad doing getting much a head to others always thinking on their own pocket. Exchanges is much smater they are one step ahead.