So of recent many people got there withdrawal suspended due to a potential poisoning address attack after receiving payment for rainbet campaign managed by Hhampuz, this is common with KuCoin exchange users
More proof that this custodial abuse will keep happening until people start realising that using those platforms does not conform with Bitcoin's philosophy of being your own bank and stop using them. If you put money into a centralised exchange you might as well just keep using fiat and forget about cryptocurrency altogether. The built-in privacy and self-custody of a decentralised currency cannot co-exist with a third-party custodian. The third party will always find a way to take your money away from you by using regulation or terms of service as an excuse. Look at the complaints and bad reviews and you will see a pattern appear.
Centralised exchanges are digging their own graves with their overzealous over-reaching. Centralised exchanges are digging their own graves with their overzealous over-reaching. Is this not why Bitcoin was created in the first place? To get away from this kind of suffocating
, hostage-taking of our financial freedom
which was coming fromby the banks?
And now what do we do? We give the "new banks", aka crypto exchanges, our cryptocurrency instead of holding on to it ourselves...