Has anyone else picked up on this news?
The story goes (as i have heard it) binance was told by "legal enforcement" his funds looked suspect.
The customer has not been contacted by this branch of legal enforcement and binance will not even put him in contact or tell him the details
Scary as hell.
Then again if you had 1200btc on a centralised exchange you probably have thousands elsewhere.
Even so that is not the point.
WHERE ARE THE FUCKING DEX'S ALREADY - come on we need fully operational fully featured dex's with some sensible ux right now !!!!
Scary having to trust other people with the ownership of your coins whilst you trade them.
Would be great to have such a huge stash but to have it all seized and have no right to even know exactly why or how to contact the apparent legal authorities that have apparently induced binance to freeze them is crazy shit.
It not always advisable to stuck huge found on exchange site apart from the law enforcement coming into such exchange what about the activities of hacker what if they made away with all the found on the exchange you will not have any thing to fall back to so the best thing to do is to divide you assets on different platforms. But if law enforcement can still dive into such big exchange as binance then they is a problem with the decentralization of bitcoin which is coming from most centralized exchange.