$FREE just went full DEX-only after getting absolutely wrecked by CEX exit scams
Launched April 2018 via DEX at $70k market cap
Hit $360M ATH twice (2018 & 2021)
Both times? Nuked by CEX hacks or exit scams dumping supply
The damage report:
23 CEXs that rugged: AAX, ABIT, Alteum, Bibox, BitForex, BiteBTC, Fedlio, BitGlobal, BitKer, BitMart, Bleutrade, Coinsbit, Cointiger, CREX24, DSDAQ, Finexbox, FiveStar, InstantBitex, Latoken, Listex, Purcow, Stex, TAGZ
5 CEXs that got hacked: Altilly, Bilaxy, Eterbase, Hotbit, Vindax
Hard lessons for new projects:
1. Don't touch CEXs outside top 10. Period. The hack/rug risk isn't worth the liquidity
2. If you do list top 10, you NEED market making services. But watch the line between MM and wash trading - that's where regulators hunt
3. DEX-first is the only real play now
Current price still bleeding from recent BitMart + Latoken exits but onchain holder count stayed rock solid through the dump
Recovery mode starts once this CEX carnage fades in a few weeks. Then it's pure DEX focus
Launched April 2018 via DEX at $70k market cap
Hit $360M ATH twice (2018 & 2021)
Both times? Nuked by CEX hacks or exit scams dumping supply
The damage report:
23 CEXs that rugged: AAX, ABIT, Alteum, Bibox, BitForex, BiteBTC, Fedlio, BitGlobal, BitKer, BitMart, Bleutrade, Coinsbit, Cointiger, CREX24, DSDAQ, Finexbox, FiveStar, InstantBitex, Latoken, Listex, Purcow, Stex, TAGZ
5 CEXs that got hacked: Altilly, Bilaxy, Eterbase, Hotbit, Vindax
Hard lessons for new projects:
1. Don't touch CEXs outside top 10. Period. The hack/rug risk isn't worth the liquidity
2. If you do list top 10, you NEED market making services. But watch the line between MM and wash trading - that's where regulators hunt
3. DEX-first is the only real play now
Current price still bleeding from recent BitMart + Latoken exits but onchain holder count stayed rock solid through the dump
Recovery mode starts once this CEX carnage fades in a few weeks. Then it's pure DEX focus
