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RE: Life Savings Lost On QuadrigaCX
Not everyone who got fucked “kept their funds on the exchange.”
many did quick crypto-to-fiat-trades - depositing BTC, trading for CAD, and initiating withdrawals immediately.
Though it seems a lot easier for those who didn’t get fucked - by what was Canada’s top exchange for years, after building a trust based on that they’d always come through - to simply offer some generic “don’t hold your funds on exchanges” platitudes to make themselves sound smart without knowing the actual details of the business all 115,000 customers had with QuadrigaCX.
Well like I have said to others is that the same scenario could happen to me right now partially with Kraken and Coinbase because I have some fiat loaded on there ready for more orders in a heavy dip. Also I just met a guy here in Thailand who got gox'ed because he was swing trading in and out and then withdraws got shut off on him
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