SG Talk

I believe these platforms practice fractional system. Meaning once you deposit your money jnside take take a big cut like 40 or 50% and distribute to the founders. So long as most people don't withdraw only some take out they can pay out. This can go on very long.

But when many want to take out at same time ....the founders already spend away or hide the money in their private bank accounts...the platform collapses and close down. Account holders are wiped out. But notice can be done Because all cryptos platform are unregulated.

https://www.bloomberg.com/news/articles/...arket-rout

The smart ones already got out leaving those bag holders to sink.

because got Black sheep exchange.

Perhaps this is why bank block payment to foreign merchant.