I'm so sick of this. Everytime, there's an ERC20 wallet involved in the hack too. I don't even trade tokens, yet they haunt me every hack.
I didn't have a lot of money on Bilaxy. Probably lost a couple hundred dollars. I'm finally getting smart with these smaller exchanges. Still though...
Cryptopia - Started with an ERC20 hack...
Livecoin - Pretty sure had something to do with an ERC20 hack!
Bilaxy - guess what, another ERC20 hack!
Not to mention the countless rug pulls on DEX's due to faulty smart contracts!
Besides convenience and how easy it is to setup an ERC20 token for trading... Why do CENTRALIZED exchanges even fuck with ERC20 tokens? There really isn't any reason besides greed!
Enough of this nonsense... It's time for these smaller exchanges to start listing shitcoins and smaller cryptocurrency projects again and leave the ERC20 trading to the DEX's...
On top of it all, that's what the DEX is for! It fixes this. Trade tokens on the DEX trade shitcoins on a CEX... It's not that complicated!
This wouldn't upset me so much if I even traded these crappy tokens. I stay away from them for this very reason, yet almost EVERY time, I lose another exchange to an ERC20 hack!
HOW MANY TIMES DOES THIS HAVE TO HAPPEN?
ERC20 tokens are a SECURITY risk. Leave that crap to the DEX's and the people who don't mind getting rugged from time to time. Personally, I like trading a good old fashioned shitcoin any day of the week over some ERC20 garbage!
This has to stop and it's a very bad look for the entire industry!
