Loading ...The First “Bitcoin Bail-In”: All Bitfinex users to lose 36% in “Shared Loss” after historic attack.
Comment: Bitcoin exchanges are unregulated and uninsured. It is the ‘Wild West’ of currency exchange, and TPTB will stop at nothing to undermine the confidence of the exchanges.
If you play in BTC, know that you are vulnerable at the exchange. Who do you trust? Who has a good record? The way to do this is to fund the account and make your BTC purchases and then immediately get your BTC and most funds OUT of the exchange and back in your personal, secure possession. Anything lingering in the exchange is vulnerable.. as history teaches.