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This has nothing to do with whether Bithumb dumped its shares or whether there is any compensation. The fundamental problem is the trust mechanism of CEX! Why do I keep advising everyone to keep a portion of their Bitcoin in their own cold wallet? Because only your BTC is your BTC; anything that isn't your BTC isn't a BTC at all! Not your key Not your money $BTC Can you believe they can conjure up hundreds of thousands of BTC out of thin air?

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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