Quote from: Kakmakr on November 11, 2018, 08:47:04 AM

Any business must be profitable and a lot of these smaller exchanges are not getting enough customers to make it sustainable, so they just go the exit scam route to recover their losses.

I think you are giving them too much credit. I suspect the number of exchanges scamming to recover their losses is far smaller than the number of exchanges created for the sole purpose of scamming. It's not difficult to create a basic exchange, and even if you can't manage that, you can buy a pre-made one for not much money. The ICO market proves that there are literally thousands of morons that will sign up to anything with a website, and send you both their personal documents and their crypto in a heartbeat.

These scam exchanges (and scam ICOs, ETH twitter scams, doubler scams, etc) will all continue as long as their is a steady stream of naive fools willing to part with their money so readily. It's much safer to stick to large, reputable exchanges that have been trading for years than going near a new and unproven exchange.