A crypto exchange has gone down. Read the full story here. Users can not access their accounts. They can not pull money out. They do not have any real answers. Users of crypto currencies think they are safe from fraud. From the article:
The short history of cryptocurrencies has been rife with hackers and stolen bitcoin, so issues with exchanges are quick to unnerve investors. In the most famous case, Mt. Gox filed for bankruptcy in 2014 after losing hundreds of thousands of its clients bitcoins.
Kraken is one of the exchanges that the CME Group Inc. is using to price the bitcoin futures it introduced last month.
Lack of communication from fledgling companies, delays in withdrawals and transfers, high fees, and the creeping fear of a malicious attack are some of the issues largely retail investors face, and discourage many more from jumping in.
With not even a phone number or e-mail listed on Kraken’s status page, the exchange’s clients vented on Twitter.
I suspect this problem goes way beyond one exchange. At the top their is always fraud and stupidity. You don’t have a realized profit in any crypto currency until your money is back in your bank account.