Post
Topic
Board Trading Discussion
Re: Why most of Exchanges FAIL ?
by
$weetne$$
on 03/04/2024, 13:43:08 UTC
It happen with all and it can happen with Current ones
e.g the last one KuCoin like 7 Days ago two of its founders were charged with violating anti-money laundering laws by U.S.
Be smart and keep your assets SAFE always use a Cold Wallet Your Keys Your Coins

Does this concern you ?

It doesn't concern us because if they were managing the exchange well and not misusing the funds of their customers they won't have been found guilty and the attacks on their reputation ends up making their exchange to shutdown. Exchanges are becoming greedy, I have seen that many of them are thinking that they're above the laws therefore they're operating any how without caring about the users making use of their exchanges. Exchanges are failing because they're violating anti-money laundering laws and any individual caught of this violation has to be punished in spite of the market not having a regulatory body. More centralized exchange are always going to fail because they're the exchanges that the government can attack and find faults as they'll always have greedy team members.