Binance vs FTX

In crypto, sh**t will happen.

https://twitter.com/lawmaster/status/1589510081694949377

Even the largest crypto exchange can go dark for a second.

This is a wild west style of finance that unregulated and super risky.

Massive funds can run in and out within seconds. Bank-run like FUD can happen at any time because crypto is 24/7.

Since whales have more information than individual investors, do you follow whales' steps or should you take further investigation to dig into the news before any moves?

It is very difficult for someone who puts their money into exchange or crypto services without knowing anything that whales possibly coordinate to attack the exchange to make funds liquidated within a short period.

There are lack of regulations within the crypto exchange which makes investors more vulnerable than ever compared to regulated exchanges.

And there is no way you will find any information so secretly that you can run away before the business collapses.

I think with this idea, keep in mind that you solely depend on crypto service with their trust.

But isn't the crypto is about trustless ecosystem?

If crypto service is without any way to protect users, why at the first place, will users put their money into their deposit?

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