What is happening to Crypto exchanges

[Oxumare]

The Shanghai office of 58Coin, operating in China, was closed, and last week, police came to the company and detained all employees.
The total number of people detained was 400.
Some stock exchange users also complain that they cannot withdraw their money from the platform.
The interesting part is;
In addition to Shanghai, they also have offices in Xi'an and Beijing. They continue the normal functioning of these offices

[robert20]

Yes no centralized exchange is trustworthy. As by now Binance is working well but nobody can say what will happen next. Decentralized exchanges are only answere for security and privacy. You have full control over your fund. No need to fear.

[Altcoin1998$]

A few days ago some exchanges step by step hacked , so most of the traders and investors fear about trading or keeping cryptocurrencies in their trading exchange plafrorms. I already lost more than thousands dollars keeping it in Kucoin exchange.

[johnson]

In crypto exchange some are not in top level exchanges they most of the time hacked. Though some top level exchanges get hacked but the solution conveys only high security.