@rezoanulvibesOnNoiseApp 21 December 2022

#3 Centralized crypto exchanges become victims of exploitation and hacks. Hackers target crypto exchanges and steal crypto from their wallets. That's common and we have seen it. It can be a big risk factor when you do anything in centralized crypto exchanges. If the crypto exchanges do not get hacked and experience any connection issues with their cloud provider, can you still lose money in centralized crypto exchanges? Yes, you can. As soon as you deposit your crypto in any centralized crypto exchange, the crypto exchange is in control of your crypto. They can do anything with your crypto. When you find out about their fraud, mismanagement, and all shady activity, maybe it becomes too late. Customers already lose their crypto and the exchange files for bankruptcy. The crypto exchange says one thing and does other things. They violate their own terms and conditions and take customers' money to do whatever they want. The thing is, there are different ways you can lose your money in centralized crypto exchanges when you don't do anything wrong except trust the exchange.