Interesting to see it's in new york - I wonder what role the big players in finance have had in lobbying for this. Nonetheless, this is great. I would bet every single crypto exchange has their hand deep in the honey pot so they deserve whatever an investigation turns up.
> I would bet every single crypto exchange has their hand deep in the honey pot I really doubt it. These exchanges are making unbelievable amounts of money in fees. There's no reason for them to risk that just to make a little more.
These exchanges are all operating completely outside of any regulation or oversight. I wouldn't be surprised to find if most of them were completely insolvent and didn't hold a good majority of the crypto currency they claim to. I also wouldn't be surprised if a good fraction of their exchange volume was completely fabricated.
If you use these exchanges, you are basically playing in a wild-west casino where the house has every single advantage and every incentive to siphon off every dime of your money.