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Following the July 10 DDOS and CC attacks at OKCoin, the topic of socialized losses and the negative impact they have on trader’s accounts has come to light again.
The days of Mt. Gox are long behind us, and with the slaying of the giant, there was plenty of room for competitors to fill the void and spread the wealth. The scope is brought home when you see the Global Price Index by BraveNewCoin is being comprised from 60 of the world’s most liquid Bitcoin exchanges.
Leon Li is the CEO and founder of Huobi (“Fire Currency” in Mandarin), one of the largest Bitcoin exchanges in the world.
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