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RE: Crypto seeing red as UPbit gets raided

in #upbit7 years ago

I did not notice the impact of STEEM and SBD was related to this so thanks for that information. Like you say, making markets in assets sales is normal but when in a regulated environment. This unfortunately adds to the fuel for regulators to step in and correctly defend investors who are ultimately trusting these 3rd parties to execute. This also reinforces the importance of having control of our wallets outside of exchanges. It also demonstrates the need to continued development and adoption of decentralized exchanges. These things happen in immature markets but participants learn and adjust; no need for a panic sell off in reality.

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Yep, well said.