Another exchange shutting down, another exchange locking up people's funds rather than allowing them to just withdraw.
I got this email earlier today:
In May 2019 Founder Popo Chen responded to rumors that they are not going bankrupt or exit scamming but they are having troubles.
Back in 2017 actor Jamie Foxx shilled Cobinhood's ICO. The ICO raised around 10M USD.
If you have funds there, I suggest removing them as soon as it is possible.
Was wondering when that ship was gonna sink.
Got a bit in there myself. Not much but this song and dance is getting old and just adds more weight to all my non crypto friends arguments. Argh!!!
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It really is amazing how fast people can lose thousands of dollars due to exchanges and there isn't shit you can do.
Surely it is best to stor crypto in a private wallet to avoid this? Excuse my ignorance, i am very new to crypto and still learning.
Yes it is. But sometimes you are in the middle of a trade or just haven't moved it out yet.
Right. i see. Storing it here on the Steem blockchain is safe though i assume (unless somehow your keys get hacked - which i think is pretty much impossible?).
Only possible drawback is that everyone can see how much you have (including the taxman!)
Nice to meet you
Namaste
Atma - https://steempeak.com/hive-120078/@atma.love/who-am-i
#peaceolution #thegreatliberation