Why do crypto exchanges go bankrupt?
Crypto exchanges can go bankrupt for various reasons, some of which include:Security breaches or hacks: One of the biggest risks for crypto exchanges is the potential for security breaches or hacks. If an exchange is hacked, it can result in the loss of user funds, which can lead to a loss of trust in the exchange and ultimately its bankruptcy.Poor management and financial mismanagement: Like any business, crypto exchanges require effective management and financial planning to be successful. ...
Why do crypto exchanges go bankrupt?
Crypto exchanges can go bankrupt for various reasons, some of which include:Security breaches or hacks: One of the biggest risks for crypto exchanges is the potential for security breaches or hacks. If an exchange is hacked, it can result in the loss of user funds, which can lead to a loss of trust in the exchange and ultimately its bankruptcy.Poor management and financial mismanagement: Like any business, crypto exchanges require effective management and financial planning to be successful. ...
