Post
Topic
Board Trading Discussion
Re: Why most of Exchanges FAIL ?
by
GreatArkansas
on 02/04/2024, 02:20:59 UTC
Be smart and keep your assets SAFE always use a Cold Wallet Your Keys Your Coins
Reminder: do not keep your money in online accounts.

Also you can see Exchange graveyards with Time and Cause of Death.

Most of exchange death causes will be
  • Scam exit
  • Hack and fail to compensate users, fail to recover itself
  • Bad treasury management includes customer money; and bad risk management such as over leveraged; then bankrupt
Exactly! We can really relate this to the OG exchange in Bitcoin which is Mt. Gox.
As everyone knows already, Mt. Gox exchange experienced most of the list that said tranthidung and Mt. Gox is the best example how these tragedies can effect an exchange even how good or nice your exchange is.