@CollinRugg@hodgetwins It's everyone's individual responsiblity to buy a secure safe. Don't buy one that has an electronic lock. If the feds can get the code so can hackers and social engineers. Literally insecure. Just a box to make you feel safe.
@hodgetwins@libertysafeinc This is the least of your worries. This company is now a huge target for hackers. Just like your credit card and social security data. The government and credit card companies can't secure themselves. A dumbfuck safe company isn't going to either.
@CollinRugg@libertysafeinc@hodgetwins Bad business practice. Let's be real though - it had an electronic lock. They're insecure to start with. Bad business sold bad products that they backdoored and kept records of. Electronic safes are inherently insecure.
https://t.co/XoaExFxmqf is going crypto only. Good. Crypto wasn't meant for integration with the corrupt fiat. It was meant to be an escape from it. We don't require permission to trade and transact on the blockchain and we should stop begging for it.
The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. https://t.co/HrbX93eYuS and our business partners have not been spared in the use of these tactics, which has created challenges for the banks with whom we work.
As a result, in an effort to protect our customers and platform, today we are suspending USD deposits and notifying customers that our banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. We encourage customers to take appropriate action with their USD.
Our priority is, and has always been, our customers. We are taking these proactive steps as weโfor a timeโtransition to a crypto-only exchange. To be clear, we maintain 1:1 reserves for all customer assets. Any downtime in processing withdrawals may be the result of elevated volumes and weekend bank closures. Moreover, trading, staking, deposits and withdrawals in crypto remain fully operational.
While we remain open to a productive compromise that enables a thriving digital asset marketplace in America, https://t.co/HrbX93eYuS will continue to vigorously defend ourselves, our customers, and industry against the meritless attacks of the SEC.
Our notice to customers: