The below news is more than sufficient for you to keep clear of crypto assets.
Crypto currency exchange FTX files for bankruptcy; At least $1 billion of client funds missing at failed crypto firm FTX. The biggest fall is registered in its token.
Well established exchanges are failing and at a drop of hat, your assets are stolen from exchanges means risk outweighs the rewards.
Moreover, in India the taxation on profit is 30%, and thus you are working more for the govt rather than for yourself.
If money making is on your mind than do remember to check our Bank Nifty option tips free and be on the right side of the market.
A day after Sam Bankman-Fried’s digital-asset empire filed for Chapter 11 protection, the former crypto mogul was interviewed by Bahamian police and regulators, according to a person familiar with the matter. Analysts say about $662 million in tokens mysteriously flowed out of both FTX’s international and US exchanges.
Beware of delta exchange if any of you are trading there as this exchange is paying lot of YouTube influencers for its publicity and can fail like another exchange Vauld whose funds were attached by Enforcement directorate for irregularities.
