Aug 11, 2026 7:32 AM
CoinSpot claims to have "robust safeguards," yet a customer support employee allegedly siphoned off nearly $500,000 across 76 transactions over two years without being caught. If a low-level staffer can bypass security for 24 months, the "safety" of these platforms is a total illusion. This isn't just a theft; it's a massive failure of oversight that proves internal threats are the industry's biggest blind spot. Can we ever truly trust an exchange to protect our assets?
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