They promised safety — Users lost EVERYTHING after exchange collapse
if you thought crypto exchanges are safe — think again. People behind a once-popular platform now face a lawsuit after hundreds of users reportedly lost their life savings.
Tokenize Xchange collapsed. S$60 million+ in damages claimed. Investors say they were duped — misled on licensing and protection.
This isn’t a market crash. It’s a warning: never blindly trust exchanges that promise sky-high returns and “safe” trading.
If you’re still holding coins on sketchy exchanges — wake up. Not your keys, not your crypto. Protect yourself before it’s too late.
Why this matters:
Many people treat crypto platforms like banks — but “b#ank-like safety” in crypto is mostly hype.
When even a “popular exchange” fails, losses hit deep — not just money, but trust.
Investors & traders: diversify, use well-known platforms, or better — hold your crypto in self-custody.
