Crypto Analyst Warns XRP Holders to Learn a Useful Lesson from Mt Gox
Citing the Mt. Gox collapse, a crypto commentator has urged XRP holders to take control of their assets instead of leaving them on centralized exchanges.
This warning came from Alpha Lions Academy founder Edoardo Farina, whose recent commentary sought to remind investors how risky it can be to trust third parties with their crypto assets.
Mt Gox Downfall Sends a Warning to XRP Holders
Farina pointed to Mt. Gox’s downfall in 2014 as a lesson in what can go wrong when users don’t hold their own crypto. At the time of the crash, around 850,000 Bitcoins disappeared, most of them belonging to customers.
While the exchange claimed technical issues, Farina suggested that what happened was likely an inside job that left customers with
