Satoshi

Coin

<ul class="news-points"> 
 <li>In August, the BitGlobal exchange disappeared with customer funds, leaving no trace.</li> 
 <li>The incident showcases the inherent vulnerabilities and risks of the crypto industry.</li> 
 <li>Traders and investors are suggested to use reliable exchanges for trading and personal wallets for storing assets.</li> 
</ul> 
In the ever-evolving and highly vulnerable crypto space, the community is often advised to use decentralized exchanges (DEX) and <a href="https://coinedition.com/what-is-a-cryptocurrency-exchange-how-does-it-work/">centralized exchanges (CEX)</a>, cautioning against the probable <a href="https://coinedition.com/g20-leaders-to-closely-monitor-risks-in-crypto-asset-ecosystem/">security risks</a>. While the industry witnesses <a href="https://coinedition.com/revenue-from-crypto-scams-fell-by-46-in-2022-chainalysis/">increasing </a>scams and exploitations, analysts and sleuths suggest users store their holdings in personal wallets and trade using reliable exchanges. 
Reflecting on a recent appalling incident, Satoshi CORE, a prominent figure on X, shared insights on the abrupt disappearance of BitGlobal, a cryptocurrency exchange created by the Korean Bithumb. Established in 2019 as Bithumb Global, the platform vanished as if to nowhere with user funds, marking no trace. 
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 Why you should prioritize trading on DEXs than CEXs The past week we witnessed the disappearance of <a href="https://twitter.com/hashtag/BitGlobal?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BitGlobal</a> exchange, along with traders' funds. Do note that BitGlobal is a popular CEX with la…
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The post <a rel="nofollow" href="https://coinedition.com/bitglobals-abrupt-disappearance-underscores-crypto-market-risks/">BitGlobal’s Abrupt Disappearance Underscores Crypto Market Risks</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

BitGlobal’s Abrupt Disappearance Underscores Crypto Market Risks

Coin Edition

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