If anyone is wondering why the read.cash fund has taken such a hit,… — @mathematics.proofs on read.cash

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@mathematics.proofs 2 October 2020 more from that month

If anyone is wondering why the read.cash fund has taken such a hit, it's because of the BitMEX scandal. You can read more about it via the links below: 1. CFTC Charges Crypto Exchange BitMEX with Money-Laundering Violations https://decrypt.co/43575/breaking-news-cftc-charges-crypto-exchange-bitmex-with-money-laundering-violations 2. BitMEX Traders Withdrew $243 Million of Bitcoin in One Hour https://decrypt.co/43667/bitmex-traders-withdrew-243-million-of-bitcoin-in-one-hour It's been a bit of a shockwave.

+KT
+BCH

6 comments

@Eybyoung 2 October 2020

Omg thats why the value drops big time 😔
- @mathematics.proofs 2 October 2020
  
  Exactly. I think it affects some of the payouts too. When times are good, there are more tips.
  - @Eybyoung 2 October 2020
    
    Hmm, I think so, I haven't received any tips today. Tsk. Are there possibilities that the value of BCH will pump again after that millions being withdrawn?
    - @mathematics.proofs 2 October 2020
      
      Who knows? There are many scam crypto websites out there. Maybe this issue is just the tip of the iceberg?
      - @Eybyoung 2 October 2020
        
        Yeah you are right there are many scan crypto sites, I've been a victim before 😁
      - @mathematics.proofs 2 October 2020
        
        It sucks because the idea is great... But I guess, anyone who is investing has to think about risk management. Where there is money, inevitably, there'll be scams.

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