Trading in cryptocurrencies has suffered from turmoils recently. Plummets several days ago just caused hefty profits to be reaped and now the industry is rocked by unavailable withdrawals and hacker attacks!
Unavailable withdrawals at PKEX
Several users have disclosed on WikiBit that withdrawals have not arrived at their accounts after a week following their applications, and the customer service has been out of touch. According to WikiBit, the rating of PKEX is only 2.42, and it is under no regulation right now. Please be careful!
Hacker attacks encountered by Belt
As a Decentralized Finance (DeFi) contract at Binance Smart Chain, Belt Finance was just attacked by hackers which caused it around USD 50 million losses! Fortunately, there will be compensation schemes for users in the future.
Latent rules in this field are presented herein for your reference with the aim of protecting you from frauds:
Small and medium-sized exchanges may be out of business at any time. It is safer to trade at famous exchanges.
Please watch out for exchanges that impede withdrawals with various excuses.
Cryptocurrencies are vulnerable in exchanges as they are apt to be stolen by either exchanges or external hackers.
WikiBit, a platform world-renowned for regulation info search and rating, equips you with risk management in investment!
Have you been harmed by illegal platforms in this industry before？ Welcome to the “Exposure” column of WikiBit to grab information for free. A little time spent in reading protects you from countless swindlers!
