Dear Community,
We are proud to share LXDX's most recent article with you!

What Are Socialized Losses?

"Would you believe me if I told you that the profits you made by taking calculated investment risks with your hard earned money could be nonchalantly (and legally) confiscated by your exchange, only to cover someone else’s stupid and over-leveraged trades gone wrong?

Sounds impossible and insane right? Well… Surprise, surprise, it has already happened and, if things in the industry don’t change hastily and radically — it’s bound to happen again. And again, and again…"

Read more: https://medium.com/lxdx/what-are-socialized-losses-6beeba6c934d