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RE: Steemit Crypto Academy Contest / S6W2- Centralized Cryptocurrency Exchange Platforms and Its Risks

You have explained this post in a very impressive way. I really appreciate your understanding about the topic.

Yes, you are very right that such situations really disturbs the minds of the investors as they became very much confused about the future of the crypto and blockchain technology.

The major reason behind the rejection of the cryptocurrencies by most of the states of the world is its anonymous nature and absent of any central authority.

Yes, the support of Binance in this matter will surely be beneficial but I don't think thay the funds the investors could be re-gained so easily.

Thanks a lot for sharing your Quality post with us and wishing you a very good luck for the contest 🙂.

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I also do not think that these funds can be recovered, at least in their entirety, the thing here is to build investor confidence again, that will take time, it is time to buy cryptocurrencies at low prices, thanks for reading

god bless you

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