What are some examples of crypto currency exchanges that closed down in 2018?
Andy DemetriouJan 05, 2022 · 4 years ago5 answers
Can you provide some examples of cryptocurrency exchanges that shut down in 2018? I'm interested in knowing which exchanges faced difficulties and had to close their operations during that year.
5 answers
- AcoderApr 30, 2023 · 2 years agoSure! In 2018, there were several cryptocurrency exchanges that closed down. One notable example is Coinrail, a South Korean exchange that suffered a security breach in June 2018, resulting in the loss of approximately $40 million worth of cryptocurrencies. Another example is Liqui, a Ukraine-based exchange that announced its closure in January 2019, but stopped operating in late 2018. These are just a few examples, but there were other exchanges that faced regulatory issues, financial difficulties, or security breaches, leading to their closure.
- Elber .com1234 SanchezMay 23, 2021 · 4 years agoOh man, 2018 was a tough year for some cryptocurrency exchanges. One exchange that closed down was Coinrail, a South Korean exchange that got hacked and lost a bunch of money. Liqui, a Ukrainian exchange, also shut its doors. It's crazy how these exchanges can just disappear overnight.
- Offenbacher FahrdienstFeb 25, 2021 · 4 years agoIn 2018, there were a few cryptocurrency exchanges that unfortunately had to close down. One of them was Coinrail, a South Korean exchange that got hacked and lost a significant amount of funds. Another example is Liqui, a Ukrainian exchange that faced liquidity issues and eventually ceased operations. It's a tough industry, and not all exchanges can survive the challenges.
- McCurdy EriksenFeb 21, 2023 · 2 years agoCoinrail and Liqui are two examples of cryptocurrency exchanges that closed down in 2018. Coinrail suffered a security breach, while Liqui faced financial difficulties. It's a reminder that the cryptocurrency market can be volatile and risky, and investors should be cautious when choosing which exchanges to trust.
- thelostsouldownDec 03, 2021 · 4 years agoIn 2018, there were a couple of cryptocurrency exchanges that closed down. One of them was Coinrail, a South Korean exchange that experienced a security breach and lost a significant amount of funds. Another example is Liqui, a Ukrainian exchange that faced challenges in maintaining sufficient liquidity. These closures highlight the importance of security and financial stability in the cryptocurrency exchange industry.
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