MultiversX Tracker is Live!

197 exchanges collapsed in the last bull run. Will the next be any different?

All Cryptocurrencies

by COINS NEWS 100 Views

197 exchanges collapsed in the last bull run. Will the next be any different?

A bull run approaches. In the last bull run alone (2020-2021), 197 exchanges collapsed. Some of them due to hacks, while others "just disappeared":

Source: The Exchange Graveyard

Cause of Death

  • Business Reasons: 40
  • Hacked: 9
  • MIA (Just Disappeared): 90
  • Rebranding: 30
  • Regulatory Reasons: 17
  • Scam: 11

https://preview.redd.it/zhfyslx0o87b1.png?1920&format=png&auto=webp&s=7e1ebf2ada96417509f23774a5fd8fadb00d14c1

Tokens have also come and gone, and those who were here remember the ever-promising projects that turned out to be a scam or a rug pull. I remember Celsius being shilled by everyone around, including the so-called influencers, and even those who are considered being somewhat reliable. It would be the next big thing, but something made me feel uncomfortable about sending my tokens there: not my keys.

As the next run approaches, many of such projects will appear. They'll promise high returns in exchange for your keys. I urge you to please be careful on what you put your money. If you're looking at an alt/shitcoin, there are some websites you can check the contracts:

https://gopluslabs.io/token-security/

https://tokensniffer.com/

Money is coming to the table and the hounds are soon to be out for a hunt. Don't be an easy prey.

submitted by /u/reddito321
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments