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Today I saw a lot of news about Jubi.
I'm shocked that so many people are involved; logically, people in the crypto world with some common sense wouldn't put too much money into a platform full of scam coins.
Some friends in the group said that most of the projects are run by team leaders who are running pump-and-dump schemes, with many scam coins involved, and those running the schemes are wealthy. Currently, the remaining wealthy in the crypto circle are very smart, while the other traders and retail investors have lost everything on other exchanges. Those playing with scam coins have moved on-chain. The victims are those in the pump-and-dump circles; currently, the big players and elders in the pump circle are the wealthiest, so the amount involved this time is quite large!
In the past, many exchanges have run away during bear markets, and ultimately, rights protection efforts have been unsuccessful. Finally, I see that they are being held accountable by law!