Cloud Exchanges Have Become Disaster Areas for Funds and Scams, Once Full of Hope, Now Rife with Evil
In 2018, the introduction of the 'cloud exchange' concept once caught the eyes of many crypto industry practitioners. Without technical development needed, sharing depth and liquidity with leading exchanges... In many people's eyes, cloud exchanges seemed to realize 'everyone can open an exchange'. However, two years later, cloud exchanges have become disaster areas for funds and Ponzi scheme scams. Some exchanges launched fund schemes claiming they would never run away, and others claimed they have launched spaceships and are mining on Mars.