Post
Topic
Board Trading Discussion
Re: Why most of Exchanges FAIL ?
by
KingsDen
on 02/04/2024, 23:15:08 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
Most times the way these exchanges fail is hidden from the audience. If it is exit scam, they can tag it hack. If it is mismanagement, they will also tag it hacking. So, it is necessary to know the real cause of exchange collapses and most times governments are not bothered because they are not much involved.