Newbies - Read before using exchanges or investingThe old scam in 2018:
[QUESTION] Altex Exchange Down ?https://twitter.com/Altex_exchangeRhttps://www.twitlonger.com/show/n_1sqk2fhHeadsup
A quick headsup from us: We have been experiencing issues with two of our listed coins (they were still affected by the double counting bug recently found in the monero codebase, even after updating the software). That bug caused a big loss in coins for the exchange and we have put our main currency under maintenance so the people who exploited the bug can no longer withdraw. After a really long investigation we found out that we still lost a big amount. This was caused by the coins software, it was not a bug in our system. We already contacted the developers and we are trying to find a way to solve this. Furthermore our main developers have been on holiday for the past week. We are still a small exchange and cannot afford to offer many developer jobs yet. We will suspend trading for now and keep writing updates on our twitter. We are trying to resolve this situation ASAP, we hope you understand.
I lost my money on the Altex exchange in 2018. It is my bad and my sad story and I don't want you newbies repeat my mistakes.
Bull market means scammers will be more active. Scammers can be scam developers or scam exchange operators. Scam developers create scam projects with scam altcoins or scam tokens. They can create their scam exchanges or can cooperate with scam exchange operators to list their coins and pump the price with listing news.
At the ends, only newbies will lose money.