Crypto's biggest flaw continues to be users trusting third parties to look after their coins for them.
I wonder just how many of those who used that exchange use it as storage, and how many just for trading. Unfortunately, these others did not have luck either, they just trade in bad time, and their coins are now spend on luxurious life of few
smart people. Users just do not understand that crypto exchanges are not banks, although it is about cryptocurrency, but it is much easier to make such scam with crypto and just disappear.
Oh my, exit scams everywhere. we should always stick with the top exchanges to avoid getting scammed by these perpetrators.
Even top currency exchanges do not guarantee complete security, and we should never trust to any of them in the sense that we use it as a bank. Although it is not easy to constantly transfer coins from personal wallet to exchange and back, especially for daily traders, everyone should be prepared to lose coins which are located on exchange.