Since Sam Bankman-Fried's exchange, FTX, went bust in November last year, investors have increasingly preferred to keep coins off centralized exchanges. From what we know now, FTX, formerly the world's third-largest exchange by volume traded, commingled user funds, denting investor confidence.
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August 31, 2023 at 03:55PM
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Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018 - CoinDesk
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