Mt. Gox took forever to collapse as well... with thousands of excuses like malleability and what not... With all of those horrible user experiences I really wonder how is it that there still has not been a panic...
Cryptsy also was rumoured like for years to be bankrupt until in the end they admitted it... Sorry to see that the exchange with the biggest volume for alts is making such headlines...
they did a good thing that they removed the chat... bringing all those people to steemit ;)
also reduced FUD and fomenting FOMO
For anyone who hasnt heard of Mt gox, it was first a trading platform for "magic the gathering" then turned into the by far largest bitcoin exchange. 850.000 Bitcoin got lost in 2014. After that mtgox announced to be insolvent.
People don't learn.
Totally starting to feel too much like like Mt. Gox. I just did a story on the odd margin trading bug I found today when closing my short positions:
https://steemit.com/poloniex/@cryptoblast/poloniex-found-a-bug-i-m-out
This is all starting to feel a bit too familiar. I hesitate to use the word Mt. Gox, but it feels quite similar right now. Confirmed bugs and long support lines give me no confidence in a very complex multi-currency exchange. Can anyone really trust them to manage that many wallets with high confidence? What about this odd margin issue? if my account has "phantom positions," how many other accounts have them as well?