Altcoins Talks - Cryptocurrency Forum
Further Discussions => Reputation, Scams & Phishing => Topic started by: Lighthouze on October 29, 2018, 12:26:47 AM
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Reason the crypto world is referred to as the wild wild west. You go bed and wake up your money is gone with the wind.
MapleChangeEx posted an exit scam earlier today citing hacks and all. But having been in this space for a while, we all know this is a well orchestrated exit scam.
(https://i.imgur.com/r2FLWEw.jpg)
(https://i.imgur.com/eJD2Mh4.png)
This is one of the reasons crypto is struggling with widesread adoption as a lot of investors are scared of coming into a space that's unregulated and can make you get rekt in a second. Here's hoping their users get their money back even though very unlikely. Also hoping they get prosecuted under the Canadian laws
This is also one of the reasons we are advised not to leave money on the exchanges.
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Gotta just keep your funds off exchanges and minimize the risk.. and you should definitely use exchanges with some size and some form of insurance in case "they" get hacked like Binance or Coinbase, etc. But at the end of the day, no exchange is safe, and you should practice keeping your tokens in cold wallets just in case *insert insane outcome here* happens.