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A Lot Of Folk Without Their Own Crypto-Lockers Are Going To Get Burnt

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Red Squirrel:

--- Quote from: sokoloff on February 10, 2019, 01:38:01 am ---http://dayssinceacryptocurrencyexchangehaslostmorethan100million.com/    :-DD

--- End quote ---

Now that is pretty funny lol.


I kinda want to look at what it takes to run an exchange... I feel I would do a better job than half of these operations because my motive would not be corruption.  I imagine it would be decently profitable to run one without having to be corrupt or negligent.

Bud:
Seems a perfect scam...

--- Quote ---QuadrigaCX and its affiliated companies are registered in British Columbia, but it has no offices, no bank accounts and no employees, aside from a handful of contractors.

The B.C. Securities Commission issued a statement Thursday saying it has been aware of QuadrigaCX's operations since 2017. The agency said QuadrigaCX was not subject to regulation because it did not operate as a marketplace or exchange under B.C. securities laws.
 
--- End quote ---

https://www.halifaxtoday.ca/local-news/details-emerging-about-gerald-cotten-the-young-founder-of-quadrigacx-1233825

No offices, no employees, no regulations. Single laptop, single owner, run out of a home office.

Mr. Scram:
It's remarkable how many cryptocurrency exchanges face unlikely and mysterious external conditions which render them unable to pay out the vast wealth they're holding for the rightful owners.

Bud:
Yes possibilities are endless. Forgotten password, failed hard drive that had no backup, hacker erased the data, the dog ate the paper with the cold storage keys, etc.
And noone has seen the dead founder body yet BTW.

sokoloff:

--- Quote from: Mr. Scram on February 16, 2019, 03:32:32 am ---It's remarkable how many cryptocurrency exchanges face unlikely and mysterious external conditions which render them unable to pay out the vast wealth they're holding for the rightful owners.
--- End quote ---
Yes, it seems like an extraordinarily difficult business...  :-DD

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