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Why Are Investors Warned Not To Leave Their Bitcoin on Exchanges? The events in the past few months in the crypto ecosystem have made investors wary of centralized exchanges. There are accusations that many of them are insolvent and running on fractional reserves. On this premise, Ray Youssef, CEO of Paxful, leads the call for investors not to leave their BTC on exchanges. He said there are better ways to secure your holdings than keeping your Bitcoin and other digital assets on the exchange platform. Gary Wang and Caroline Ellison Plead Guilty To Fraudulent Activity As per Damian Williams, the US Attorney for the Southern District of New York (SDNY), FTX co-founder Gary Wang and Former Alameda Research CEO Caroline Ellison are pleaded guilty to federal fraud charges. Williams also announced that they are cooperating with the Justice Department's investigation of the former FTX CEO, Sam Bankman-Fried.
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