The misappropriation of user assets by exchanges is also a common phenomenon in the industry, ranging from Binance to Pheasant Exchange. Therefore, the biggest problem facing the industry is opacity of funds. Even if the Fcoin exchange claims to be the first exchange with transparent assets, it cannot achieve true transparency and openness, trading volume, and data fraud. Currency prices are common in this circle. This is quite interesting. The algorithmic stable currency basis, BCS, issued an announcement to destroy 90%, and then the team’s shipments were smashed by 200 times, and the number 3 went from 56 hundred U to single digits. Then the telegram group lost contact, in fact, it ran away after the delivery. The currency price dropped to single digits, and everyone knew that the project was over. Unexpectedly, the Lbank exchange directly listed this coin. The projects are cold and are still online. I don't know what the exchange thinks. Later, someone broke out that it was the exchange owner who misappropriated user assets to mine. Now he is forced to become a banker. Because the Lbank exchange directly deleted the BCS and BCC trading pair, the online price was not found. However, the repurchase is currently opened, and it is not known whether the price of the repurchase was the price the investor bought at that time. If the price difference is not much, Lbank is still conscientious, if not, then Lbank becomes a black heart. I helped investors expose the Lbank exchange once. At that time, the account was blocked due to restrictions on user withdrawals. The most stringent KYC certification in history must be completed to allow withdrawals. According to the last post, the LBANK exchange platform currency has dropped 10 times. Everyone made 10 times the investment in the platform currency, but the investment in Lbank lost hundreds of times. At that time, we were engaged in financing, but now the currency price has fallen horribly. Ask the investors who invested in the Lbank platform currency to be heartbroken. Lbank mainly focuses on investment and financial management, and financial management uses high returns to obtain traffic. The high rate of return of financial management is very risky, and the risk is no less than that of P2P. Therefore, unless the three major exchanges, other small exchange financial products should not be touched. Exchange wealth management is nothing more than depositing coins to generate interest, which is similar to depositing coins in the capital circle. In fact, they all use the money of new investors to pay interest and short-term returns to old users, creating the illusion of making money and defrauding more investment. There are many examples of financial collapse in exchanges. It is also very common to operate in this highly competitive market.