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.
although security is heavily guarded but the hacker is very smart looking for loopholes to break into the market. that's the skill of a hacker who is very afraid.
I am very sad to hear this new market stolen some of the assets causing crypto enthusiasts to decline. I also hope this becomes an example for other markets to be more vigilant in maintaining the security of market privacy.