online gambling singapore online gambling singapore online slot malaysia online slot malaysia mega888 malaysia slot gacor live casino malaysia online betting malaysia mega888 mega888 mega888 mega888 mega888 mega888 mega888 mega888 mega888 How Not to Run a Cryptocurrency Exchange


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▲圖片標題(來源:coindesk)

The Takeaway:

1. From the outside, Japanese exchange Liquid looks like a crypto success story. Trading powerhouse FTX recently acquired it for an undisclosed price estimated to be somewhere between $140 million and $200 million.

2. But former Liquid employees describe a chaotic workplace (even by crypto standards) with questionable security and compliance.

3. For example, sources say that executives downplayed some information security breaches, did not disclose others, failed to adequately address low-level insider theft and prematurely stopped investigations into last year’s $90 million hack.

4. Liquid bought its own QASH token to maintain the price through part of the 2018 bear market and double-counted trades when reporting its volumes, former employees said.

5. Senior management offered IOUs for Telegram’s never-issued GRAM tokens and, according to sources, ignored internal compliance team concerns. Liquid lost millions on the offering.

轉貼自: Coindesk

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