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𝗔𝗻𝗼𝘁𝗵𝗲𝗿 𝗯𝗶𝗴 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗶𝘀 𝗯𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹𝘀. Bank run in progress. In the last 24 hours, users have pulled 37% of all funds. The exchange? MEXC. The CEO publicly admitted—at least once—that funds get blocked or unblocked when they "get emotional." Yes, you read that right. Your funds. Their emotions. (Most likely they have serious liquidity problems. The emotions are just the cherry on top.) This is why "not your keys, not your coins" isn't just a slogan. Exchanges can—and do—take or lose your Bitcoin: ▪️ Hacks (Mt. Gox, Bitfinex) ▪️ Exit scams (QuadrigaCX, Thodex) ▪️ Fraud (FTX—CEO's girlfriend needed to cover bad trades, customers paid the bill) And now: withdrawals frozen based on feelings. The reality: If an exchange is insolvent, there won't be enough funds for everyone. The last people to withdraw lose everything. 𝗬𝗼𝘂 𝗱𝗼𝗻'𝘁 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗯𝗲 𝗹𝗮𝘀𝘁. Some things to consider: 1. 𝗦𝗲𝗹𝗳-𝗰𝘂𝘀𝘁𝗼𝗱𝘆 𝗶𝘀 𝘁𝗵𝗲 𝗴𝗼𝗹𝗱 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱—if done properly, no one can confiscate or steal your Bitcoin (except through physical force). But this requires learning how to do it right. 2. 𝗜𝗳 𝘆𝗼𝘂 𝗺𝘂𝘀𝘁 𝘂𝘀𝗲 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲𝘀—stick to large, established ones (founded before 2015). Even then, don't store more than you're willing to lose. 3. 𝗠𝗼𝗻𝗶𝘁𝗼𝗿 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗵𝗲𝗮𝗹𝘁𝗵—tools in the comment below let you track Bitcoin balances on exchanges. Sudden drops = warning sign. If you have funds on MEXC: 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄 𝗶𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲𝗹𝘆 if you still can. It's could be over for them. I'm writing “Broken Prices: The Road to Sound Money”—a book about money and Bitcoin. Get notified when it launches → soundmoneyroad.com 📖 Tools to monitor exchange balances: Bitcoin balances on exchanges (more reliable, shorter list): https://www.coinglass.com/Balance "Clean Assets" balances in USD (less reliable, bigger list): https://defillama.com/cexs Note: Having balances on these lists does not guarantee solvency. ☠️ #Bitcoin #SelfCustody #MEXC #BrokenPrices