As of this moment, I logged into my account after hearing about the "bad news" on StakeCube.

StakeCube is a crypto exchange, and an investment opportunity. Or, at least they were.

They released some new functions just 8 days ago, and had many excited.

At one point, I had nearly 2 LTC, 1,340 DOGE, and .0014 BTC, along with a smattering of other low value coins, totalling around $400 USD.

I got 80% of my crypto out of all sites and placed them in wallets where I held the keys.

That being said, I still lost a lot after finding out they stopped all operations. Not in money, but in trust.

They said the site will remain open, and "hopefully" in the future, when they find funds to pay back everyone they ripped off, things will go back to normal.

They have even offered solutions to their mess.

A DAO, or shares in the company, or a mix of both. I for one don't think any of these will work, and I think few will accept a SCBTC coin, or SCDOGE, or whatever their idea was that can one day be traded on the exchange for the real coins...

So, how does this matter in the larger scheme of things?

Even though StakeCube was by no means a giant in the market, it has huge ramifications.

There were over 125,000 people affected from all over the world, who used the site to gain interest on their crypto.

This site, for a long time, was helping me in my venture here in Mexico. 

I would send every ounce of crypto I had there to help grow my crypto by staking and interest.

It was a non-KYC site. This is a big deal to me, because I hate government tracking every aspect of my life. 

They had a faucet, an exchange, and of course the interest bearing accounts, like Bitcoin, Dogecoin, Litecoin, and DASH.

Oddly enough, these were the coins affected.

I still have BCH there, but it is .0034, so not really worth much, and it wasn't affected.

The owner of the site gave a sad ridiculous story about why he sprung the news on everyone at the last minute, and yes, as he said, it's cringe.

But how many of those 125,000 users have lost everything?

How many of them can no longer trust the crypto world.

Even though this is the fault of the site for mismanaging users funds, and keeping everyone in the dark for as he said, "...a long while..." this is because of what we have been seeing this past year.

Government's HATE crypto, and even though they had nothing to do with StakeCube, they are still responsible for pushing this "bear market" on us by destroying trust with the various collapsed exchanges and sites, and coins.

It's a domino effect that caused StakeCube to go insolvent, ALONG with the site owner misusing funds. 

I will NEVER back someone who destroyed trust, and cant manage their site properly, where investors lost hundreds, thousands, or millions, and writes a flippant message to the users saying, "oops, sorry, can't do anything about it..." (These are my words, but it was like he was kind of saying this in his goodbye message...)

People like him should never walk down dark alleys because they are really the enemy of the people.

Thanks for reading, and let me know in the comments below your thoughts concerning this crypto exchange collapse...