We receive a lot of questions about BTCTurk. I summarize the incident;
▪️ Each exchange uses a single wallet for #LUNC and stores users' funds in this wallet.
- You buy and sell on the stock market; The exchange provides this service. The funds are also available in this wallet.
- The majority of the funds stolen from BTCTürk; LUNCs invested by investors. This is the case in every stock market. This is the case with the funds in the Binance exchange wallet, which has reached 2 trillion!
▪️ Your LUNCs in the stock market have not decreased. You can buy and sell. LUNCs in the collateral wallet were stolen.
- BTCTürk says users will not be harmed, so I will cover it. You can continue buying and selling on the stock market.
⚠️ However; If you want to withdraw, deposit and withdrawal transactions are closed as there is no provision at the moment!
- BTCTurk is a large stock exchange; will meet this situation. Investors will not suffer any loss! We all saw the damage because the price dropped.
➖ At this point, exchanges that offer Proof of Reserve are very important! As far as we have learned, BTCTurk does not provide proof of reserves. We think they will invest a little more in this regard.
Since we follow LUNC, we go via LUNC, but there is also a problem for #AVAX . We hope they get through this with the slightest damage.
#BinanceTournament #Megadrop #CryptoTradingGuide $LUNC $USTC $AVAX
