Yesterday I wrote a piece titled "The big business behind Bitcoin and Bitcoin Cash, why dips present buying opportunity...", here I showed the lucrative business opportunity provided by Bitcoin and Bitcoin Cash to miners and exchanges. You can check link below and analyze the data I have gathered: https://steemit.com/bitcoincash/@daudimitch/the-big-business-behind-bitcoin-and-bitcoin-cash-why-dips-present-buying-opportunity
Today I want to focus on exchanges, and the lucrative business opportunity you present to them when you leave your funds on their wallets. Here is a snapshot of the story...
Here is a link to the story: https://qz.com/1059179/huobi-and-okcoin-chinas-two-biggest-bitcoin-btc-exchanges-were-themselves-to-150-million-in-idle-client-funds/
While this story isn't shocking to me, I ask myself another question, "when these exchanges complain about hackers stealing their funds, are these stories really true?" Is it the hackers or bets/ gamble gone bad? Probably these are just speculative but in a market where there is little regulation and oversight anything is possible. In a market where the motivation is to make as much money as possible, very few can resist even when they start off with noble intention.
My advice to anyone, when the red-flags keep popping up, wallets go offline/ disabled without notice or explanation, erroneous arbitrage, lack of customer support, lengthy maintenance/ regular website maintenance, lack of transparency, etc then you should secure your investments and move funds offline.
I would end by saying this, the decentralized train lifts a lot of burden but its also showing that the sharpest and fittest would survive. It would bring out both the cunning and the sincerest of folks, it is left up to you to do your due diligence.