Many users won't fall prey to this if they were to choose exchanges by themselves without being compelled by bounties they promote. I was a victim of this when I participated in bounties. Some of those projects we promoted, lied to us that in order to supposedly cut down on cost, that they had to open their own exchanges to list their tokens. Most of those exchanges never went operational. They were staged to collect users' personal data as bounty hunters were made to go through the rigours of KYC verification. That actually exposed our personal information to those scammers. I regret giving in to such during my noob days.[/list]