Such meteoric rises, Johnson explained, are often followed by an all-too-common ending: “Like lightning striking, in an instant, the exchange suspends trades, shutters the windows for withdrawals, silences traffic on its website and files for bankruptcy protection, leaving customers infuriated, investors stunned, and creditors scrambling in a footrace to the courthouse.”
Related posts
-
UK Pension Scheme Embraces Bitcoin, Marking a Historic Leap Into Crypto
A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move... -
Standard Chartered’s Crypto Custody Unit Seeks $50 Million
Standard Chartered’s Zodia Custody is raising $50 million to... -
New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies
The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also...