The crash of FTX- An important lesson to learn.

Etini

Valued Contributor
With the rise in cryptocurrency usage and adoption, there has been a rise in platforms where cryptocurrencies can be exchanged. Binance prides itself as the most popular platform to exchange crypto. There are other reliable platforms to exchange crypto. One of those platforms is FTX. Before its crash today, it was the fourth-strongest crypto exchanger in the world. It had massive patronage and it looked solid. Unfortunately, it crashed today sending a lot of people into depression.

One lseeob I have to point out to people is that the world of cryptos is volatile and can crash anytime. The drift here is that it doesn't show any signs of crashing please don't leave a lot of money with crypto exchanges. If you want to invest money, let it not be crypto. Just find something else doing with your funds. Over 300 million dollars are estimated to be lost just from the crash. Be wise and strategic.
 

cashisking149

Active member
Yeah don't hold crypto on a CEX. All the time there is a centralised middleman and you don't have the keys to the funds then you may as well be with a bank.
 
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