I don't understand why they say that user funds may be never returned. The exchange wasn't hacked, right? So why ordinary people should suffer if one of the owners is on suspicion of money laundering?
Money laundering is US Gov slang for "we want what you got cos we can't control it". I don't think using a .com address helps either, as it opens you up to US legislation (hence the US warrant).
History tells us that leaving funds on a centralised exchange is not at all clever, after all, this is not the first centralised exchange to fail & it won't be the last. The sooner crypto users start using decentralised exchanges (bisq, localbitcoins, etc), the safer their funds (& themselves) will be.
We have been saying this for years and people still lose huge amounts of money on these centralized exchanges. There is
even one guy on Reddit that claims ALL his life savings were deposited on BTC-e
.... Why in Hell, would people do
something like that? People are so used to Fiat services that offer customer protection, that they lost the ability to think for
themselves. Bitcoin gives YOU, full control over your money, and that responsibility seems to be too much for some people.
