Can’t believe it—Bitmart actually ran off with the money instead of just shutting down. This is seriously messed up. Everyone’s calling them out, and we can’t let this kind of exit scam trend grow, or a bunch of trash exchanges will start copying them! BitMEX and Bitmart announced closures almost at the same time. The difference is: One genuinely shut down, the other ran off with the funds. This is the difference between regulated and unregulated platforms. This is the double standard between foreign users and Chinese-speaking users. Mt. Gox didn’t compensate Chinese users, and now exchanges running off only seem to target Chinese users for their scams! The future of exchanges will only have two outcomes: The top players feast, tier-one and tier-two exchanges sip the leftovers, and the rest go bankrupt. Most exchanges that can’t survive end up misusing user funds, leaving them with no choice but to run off. The scariest part? Even in this market, some exchanges shamelessly issue platform tokens, trying to pull off one last wave of scams…