Quote from: Antotena on September 05, 2024, 07:01:49 PM

Sadly, some of them have become victims f these centralized exchanges. I was following one particular thread one crypto influencer was crying about to Bybit, he tagged them and begged other influencers to called Bybit out for locking his $7k for months now and he can't access his account. I have similar other complaints on X platform due to these exchangem. Assuming the coin were save on their personal wallet, this problems for no dy affect them right now, sy no to CEX storage.

In as much as I don't encourage storing a huge amount of our holdings in exchanges, but let's tell ourselves the truth, cex won't just lock your account for doing nothing that goes against their terms and conditions of use and services. That person wey they cry like that, did he state what led to his account being locked? Most people use their accounts for cex dey carry out illegal activities. So to limit ourselves from these set of things happening to us, let's avoid using our accounts with cex to aid or carry out fraudulent activities, terrorism funding and other things that we can't try with banks. That you and I are using cex in for legal activities, does not mean that everyone out there are doing the same thing.