Quote from: Sang Prabu on Today at 04:32:42 AM

Quote from: krishnaverma on November 21, 2022, 01:24:38 PM

A lot of bad incidences happened in crypto community this year including:

1) FTX
2) Luna
3) Gemini Earn
4) Celcius
5) Voyager
6)BlockFi

All these incidences happened because of the greed of some people. It is important to control the entry of these kind of people as developers or people behind some new crypto projects. Otherwise people will have very less trust left on crypto in general and people will move to other alternatives. What do you think are the required steps to prevent these incidences from occurring in future ? Or are these unavoidable ?

I also feel the loss from Luna and FTX, I'm worried that FTX conditions can occur in other exchanges so as to make the market more drop, it is time for all information to be open, the concept of decentralization that makes us able to know the condition of the project and excahnges should make crypto a hope in the future .

It is never okay to generalize. There are good exchangers still, you just have to find the best one. Also, given that the issue is still recent, for sure exchangers would take extra caution with their action 'coz they might be tangled with FTX's case instead. Try to calm down, although what happened is unfortunate, it would be worse if you',d be worried that much. If it is really draining on your end, try to pull out your investments for now. Being worried is just fine, but everything that is too much would be bad for sure.

Quote from: Crypto Legend on Today at 06:31:33 AM

And actually cases like FTX have often occurred, we as investors must be vigilant and do not store too large assets in Exchanges because cases like this can be repeated at any time.

Not exactly the same as with FTX but the thing which is somehow close with what happened is rugpull of projects wherein developers chose to make use of the money and totally disregarded their users. But that's not often I think when it comes on exchangers.