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

This is not so surprising for us, because in the future it is also possible that the same thing will happen again in other exchanges. Therefore trusting the exchange is better for short term trading only.

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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

We prefer to call them persons!!!
Trust in crypto will never correlate to the fraud they commit, if people understand that exchanges are not safe places to store assets.

My question?
What other alternative do you mean by storing assets in a personal wallet, because there are almost no other alternatives in the crypto space that people can use to store assets, other than in private exchanges or wallets. Or do you have any other better alternatives we can try.

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What do you think are the required steps to prevent these incidences from occurring in future ? Or are these unavoidable ?

Very simple in my opinion!!!!
Start storing assets in your personal wallet, use the exchange only when you make transactions, so the security against fraud will be much less, thus when fraud cases occur involving exchanges, we do not own assets on their exchange.