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RE: We Are Seeing The Dangers Of 3rd Party Counter Risk

in LeoFinance • 3 years ago

Imagine being told your wealth has be siezed following a bankruptcy?

Now that isn't a loophole but a deliberate implementation that's frankly injust. Centralised exchanges are not exactly crypto friendly in the long run...

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3 years ago in LeoFinance by
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     3 years ago  

    Centralised exchanges are not exactly crypto friendly in the long run...

    This is unarguably true, I have just been thinking how people would react to better decentralized options.

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       3 years ago  

      That you have to fight for it in bankruptcy court like any other creditor.

      So users of the exchange are effectively lending money to it by that mindset.

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