Updates on the $190 million crypto lose...
http://www.wkrn.com/amp/news/canadian-crypto-world-questions-ceo-s-death/1778342908
So in all likelihood the exchange was really a Ponzi scheme. Makes sense considering some had trouble with withdrawals while the CEO was living the high life. He knew he was going to die so why no live a rich life, literally.
He owned a plane, multiple properties and had it all in a will to his wife. Of course wife will act like she knows nothing so that she gets away with as little harm while cashing in on the will. Perfect example is Bernie Madoff and wife Ruth Madoff. Ruth was working for Madoff and got away with a luxury condo.
To think the future for crypto looks bright is difficult when so many scams are operating. Just sad.
My competing Canadian exchange just emailed all the security precautions they are taking and how this could never happen there. Regulation is probably coming to Canada
Think you are right. Regulations will help crypto in the long run.