By Teeka Tiwari
$100,000 gone in 2.5 hours…
Bob* felt robbed. He felt betrayed. Most of all, he felt powerless. (*Bob isn’t his real name. It’s an alias to protect his anonymity.)
Last month, Bob had a hunch his favorite crypto was going to pump higher. The night before, he loaded up… ready to make some quick profits.
The next day, Bob’s coin exploded 300% higher. He was sitting on a cool $100,000 gain in one day. Eager to take his profits, he started to log into his Kraken account.
And that’s when the nightmare began…
Again and again, Bob tried to log onto the exchange. But each time, he was greeted with an error message. He feverishly glanced at the price of his crypto on the computer screen. It was peaking… and now was the time to get out.