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fromtheuk

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fromtheuk

Re: yamasushi post# 283

Tuesday, 05/04/2021 10:48:31 AM

Tuesday, May 04, 2021 10:48:31 AM

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In reality, I don’t think that is how it will play out.

I suspect the exchange will freeze BSV accounts under its control and simply take the coins it needs to settle and replace with a worthless IOU

They did exactly that in the past, these exchanges are unregulated bucket shops. I would not trust them.

Never keep coins in an exchange account. Keep them secure in a wallet where they can’t be taken.

Read this,

https://medium.com/faast/the-bitfinex-tether-scandal-shows-why-you-need-to-keep-your-funds-in-your-own-wallet-f19c7b66faab
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