Y Nation Daily Combo Today 6 November 2024
Week 4. Today’s Lesson 3 – Risks of Centralized Exchanges
Q1: What is the main risk associated with centralized crypto exchanges?
A: They control users’ crypto and can mismanage it, leading to losses
Q2: What was the cause of QuadrigaCX losing $190 million of users’ funds?
A: CEO died and took all keys and passwords with him
Q3: Why have FTX users lost their funds?
A: FTX used their funds for risky trades and lost them
Q4: How much BTC was stolen from the Mt. Gox exchange in 2014?
A: 850000
Open YNation Bot: https://t.me/y_nation_bot/start?startapp=HJ3U6X
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Week 4. Today’s Lesson 3 – Risks of Centralized Exchanges
Q1: What is the main risk associated with centralized crypto exchanges?
A: They control users’ crypto and can mismanage it, leading to losses
Q2: What was the cause of QuadrigaCX losing $190 million of users’ funds?
A: CEO died and took all keys and passwords with him
Q3: Why have FTX users lost their funds?
A: FTX used their funds for risky trades and lost them
Q4: How much BTC was stolen from the Mt. Gox exchange in 2014?
A: 850000
Open YNation Bot: https://t.me/y_nation_bot/start?startapp=HJ3U6X
#YNation
