Crypto currency has made the public more globalised and given more freedom to deal with their business running ,ecommerce setup , payment gateway , fast transaction and investment opportunity .There is no doubt how crypto made someone billionaire those trusted and continuously worked with . Changpheng Zhao who is Binance founder and creator of BNB coin is the king of crypto earning and Managing people money on his exchange . Apart from that there are more famous names are there in the list example - Satoshi Nakamoto who never came to public but hold billion dollar Btc, Giancarlo devashini  who created Tether USDT ,Brian Armstrong who created Coinbase exchange (US), Vitalik Buterin created Ethereum etc .

In this article, I just want to aware my user that these people who made money in crypto are seriously dedicated and well wisher of crypto success and that is why people supported them and they really ruling the world with trust but there are other many Face came to exist in market either through providing exchanges or wallet and misguided investor and traders to join them and looted them so badly until they bankrupt or disappeared . 

Lets take few name here and will learn from past :

• FTX : Those people memory is strong then they must remember this name in 2022 .This owner was seriously big moron and never thought better crypto and growth . such well established firm got killed itself by looting public money. Those who put their crypto asset on that exchange ,Its owner started putting your money to other purpose out of exchange and created heavy liquidity crisis and resulted it killed the FTX project and exchange .
• Mt.Gox : This was dumbest exchange I ever noticed where hackers started stealing slowly their bitcoin and owner never noticed .seriously just imagine how dumb will be their business model. This incident happened in 2014 and approx. 8500000 Bitcoin got stolen . This is news came but nobody knows that it was stolen by hackers or stolen by exchange authority.
• Quadriga CX : This is really funny story which really hard to believe . Exchange owner die one day but problem was not die as people pray for him RIP. he die with cold wallet secret code which only he knows so after die the entire exchange valued crypto worth 190 Million US Dollar went to his grave i mean public money gone .This is 2019 incident.
• F COIN : In 2020 ,Certain issue found in their computer system and suddenly 13000 bitcoin disappeared .The story stated by them was not i believe to digest but unfortunately people had to believe because their money was gone and this company peacefully declared bankrupted.

There are other smart exchanges who also took margin of profit when shut .They shut due to regulation and tightening security guidelines by SEC .

Example 

• Bittrex Global : This name came to me when i research .even me when i was investing and trading in such coin like steem and hive i used to go with this exchange but unfortunately they also declared shut down in 2023. They returned public money but still people face loss due to exchange instability like some of had future trade and closed loss to exit from exchange their fund , some of deposited issue never recovered ,some of you don't know this exchange was closed and still they put their asset their in wallet and never withdrew . 
• Bitmart, Bit Max ,Coin Ex , Ascend EX : These exchange closed in 2026 due to tight regulation and lawsuit.
• BTCX India /Crypto Kart , Coinsecure , Coindelta ,Coinex : These exchanges is indian and i am quite interested to share some of these name because i used to trade here ,also got shut down due to RBI india strict tax policy and removal of bank medium for deposit and withdrawal. Wazix X and Coin DCX These exchange still surviving but they hold huge public money and never let them release full withdrwal because they still recovering from their loss due to hack. They overall lost public money around 400 Million USD worth asset . 

 So Basically i wanted my reader to be alert and use your brain when you keep money on exchange because you don't know when there will be news about your exchange where you put your money got bankrupted , hacked or never let you withdraw money. 

The question is keeping your money on exchange is safe or not ? And the answer is NO 

Your money is not safe in someone hand who is greedy to steal so next time be cautious when you trust someone on your life saving . if you read my article then give your like and follow me . Tipping is your choice because I am here to alert and give you all concrete reality based article which can add value and knowledge when you spend time to read it . 

See You in next article ..