Post
Topic
Board Beginners & Help
Re: Events made you scare about custodial wallets, centralized exchanges.
by
Potato Chips
on 12/04/2025, 22:37:40 UTC
Another event to remind you about danger with Centralized Exchanges. This time, it's Kraken exchange and an account releated to Metawin. Centralized exchanges are never good places to store your funds or to receive your payments from your business partners or your salary.

A post from Skel Metawin.

Oh man, CEX closing your account, funds frozen, you're kept in the dark why and they're hard to get ahold is probably my biggest CEX nightmare.

And imagine if you're just an average folk with no big connections to people like Skel, it would be much difficult to apply public pressure to escalate your case.

Pretty much what happened in this thread, see: BINANCE STOLE OVER $10K FROM ME – NEED HELP FROM THE COMMUNITY

The OOP basically get shut down by binance everytime he opens a support ticket 😓