By Augustine //
September 22, 2022
By Augustine //
September 22, 2022

Excerpts from CareYourPresent โ€“ a crypto enthusiast

Collapse of crypto companies

Recently, a few crypto companies such as Celsius, Hodlnaut have gone bankrupt. Many crypto users suffers losses due to the collapse of these companies. Here is one example of the news given by one company:ย crypto companies

Crypto ledger – Keep your Crypto in Ledger Wallet!

If you still have any crypto in CEX like Gemini, KuCoin, Crypto.com, FTX etc or any lending platform, please withdraw them into your own hardware wallet (e.g. Metamask), ideally with Ledger.

Remember: NOT your keys, NOT your coins!

Please do not wait until the CEX/lending platforms starts to make announcement like Hodlnaut today. It will be too late!.ย Another lending platform โ€“ Hodlnaut suddenly gone today.

crypto ledger
https://www.hodlnaut.com/press/hodlnaut-message-to-our-users

Hence, it is imperative that you keep your crypto assets in your crypto ledger so that your crypto coins will be safe should any CEX or lending platform fails.

P.S. I already took out all my funds from Hodlnaut few months ago when news such as Celsius, 3AC dyingโ€ฆ such things are usually contagious. More to come in the 2nd half of the year.

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About the author Augustine

Augustine is passionate about investing especially REITs and small cap stocks. He is also a Chinese Metaphysics enthusiast. He is a guest blogger at Small Caps Asia and also a freelance Metaphysics Consultant. He has given consults to many people around the world.

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