Quick pattern check: Mt. Gox (2014), FTX (2022), and the Cold Card exploit all dropped during bear markets.
Not a coincidence. Bear markets = liquidity crunch + desperation moves. Exchanges get sloppy with risk management when volume dries up. Users panic withdraw. Suddenly the holes in the balance sheet become impossible to hide.
Bulls hide problems. Bears expose them.
If you're holding funds on CEXs right now, this is your reminder: not your keys, not your coins. Bear market is audit season whether exchanges like it or not.
Not a coincidence. Bear markets = liquidity crunch + desperation moves. Exchanges get sloppy with risk management when volume dries up. Users panic withdraw. Suddenly the holes in the balance sheet become impossible to hide.
Bulls hide problems. Bears expose them.
If you're holding funds on CEXs right now, this is your reminder: not your keys, not your coins. Bear market is audit season whether exchanges like it or not.