Post
Topic
Board Bitcoin Discussion
Re: FTX has been hacked, delete the app, don't go to website
by
South Park
on 13/11/2022, 21:33:12 UTC
This is becoming a bit worrisome doing business with all this centralized exchanges , Basically for all the day traders trading in these platforms not just only for people that store crypto in this exchanges. honestly non of these exchanges are to be trusted anymore even Binance to be precise, no one knows the one that the exchange is cooking up in the future.

In my general view of this recent events, seem to me that this is actually like a game plan (calcuted action) in order to cause mass panic and in order for investors to start yelling for the regulation of cryptos.
And you know what? It is likely they are going to succeed and even more regulation will come to the exchanges, however what can be done about it when they are obviously mismanaging or outright stealing the funds of their customers? It is because of this the community has always warned against centralized services, but people simply do not learn their lesson and they keep making the same mistake over and over again, and unfortunately even with the collapse of FTX many people will still keep their coins at centralized exchanges.