[Alam]

[sgbuffett]

Let me ask simple questions

Why people put money into platforms like Binance and FTX because they cN get returns for their coins sometimes as high as 10 to 15%

1. Where did the money come from to pay such returns? They claim to lend money out. But money loaned put to borrowers ..so they operate as  unlicensed banks.

2. If borrowers lose money and cannot pay back it becomes bad debts. Especially jn crypto world where they are dealing with volatile assets.

3. Even if the exchange is operating normally, it can collapse suddenly like FTX when someone reveal the real balance sheet.

Given the extreme risks in an unlicensed unregulated industry it makes zero sense to put your funds/crypto jn an exchange. ...it is illogical!!!

So far the majority of exchanges have been fraudulant and collapse suddenly. A 15% return for this type of risk you might as well go to casino to play red black your return is higher!