Post
Topic
Board Trading Discussion
Re: Why most of Exchanges FAIL ?
by
Bushdark
on 10/05/2024, 22:55:53 UTC
Looking back in history since Bitcoin was created back in 2009
There were a lot of different exchanges like

  • FTX, November 2022. Bankruptcy Type.
    Three Arrows Capital, July 2022. Bankruptcy Type.
    BlockFi, November 2022. Bankruptcy Type.
    Core Scientific, December 2022. Bankruptcy Type.
    Voyager Digital, July 2022. Bankruptcy Type.
    Celsius, June 2022.
    Babel Finance, June 2022.
    Hodlnaut, August 2022.
    Cryptopia ,
    Bittrex ,

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 ?
Since you were able to do all these research listing all the bankrupt exchanges that had crashed as a result of hack and other problems, you should also be able to ask yourself what these exchanges are not in existence any more. I believe you understand why they are not in existence anymore and I think it is also an opportunity for those people that are cool with keeping their funds in an exchange.
Exchange is not the best place for us to keep our funds because they could suddenly lock our account and render us useless.