everyone thinks leaving coins on a cex is fine as long as they have an insurance fund but actually the timeline bitget just dropped shows that fund only matters after you already sat through a freeze.
you know that feeling. youre mid scalp on $SUI or waiting for $ONDO and you tell yourself youll pull the $USDT later, then the incident post hits and you cannot move a thing.
this is a real case study if you actually read the timeline. they mapped when the unusual activity got flagged, how long isolation took, and the gap before users even knew. that gap is the whole problem. not a total collapse. just a window where your funds are sitting there and completely useless.
ngl most of us treat exchange balances like a wallet we control. we do not. greed is sitting at 70 so nobody wants to self custody and miss the next leg, i get it ser. but the people who eat these incidents the worst are usually the ones who said they would move size after one more trade.
anyone else actually pulling funds off after reading that or are we all back to apeing by monday?
#BitgetDetailsSecurityIncidentTimeline #BitgetCEOConfirms #USDTAdds845900HoldersInPast7Days
you know that feeling. youre mid scalp on $SUI or waiting for $ONDO and you tell yourself youll pull the $USDT later, then the incident post hits and you cannot move a thing.
this is a real case study if you actually read the timeline. they mapped when the unusual activity got flagged, how long isolation took, and the gap before users even knew. that gap is the whole problem. not a total collapse. just a window where your funds are sitting there and completely useless.
ngl most of us treat exchange balances like a wallet we control. we do not. greed is sitting at 70 so nobody wants to self custody and miss the next leg, i get it ser. but the people who eat these incidents the worst are usually the ones who said they would move size after one more trade.
anyone else actually pulling funds off after reading that or are we all back to apeing by monday?
#BitgetDetailsSecurityIncidentTimeline #BitgetCEOConfirms #USDTAdds845900HoldersInPast7Days
