2025-12-29 19:29:05

Indonesian Cryptocurrency Exchange Risk Warning: Custody Issues Raise Concerns

Is the local Indonesian cryptocurrency exchange truly holding investors' funds? This question has recently become a hot topic of discussion. According to Triv, CEO of Indonesia's leading exchange, all local cryptocurrency exchanges do not hold investors' funds—this statement has caused quite a stir on social media.

Prominent commentator Yudo Sadewa issued a warning today, advising users to immediately withdraw all assets from local Indonesian cryptocurrency exchanges. This call quickly spread, reflecting market concerns over the security of exchange funds.

For investors holding assets on local Indonesian exchanges, this is undoubtedly an important signal. Whether due to doubts about the custody model or considerations of compliance, understanding the actual operational mechanisms of exchanges becomes especially critical. If exchanges do not directly custody funds, where are the assets stored, and how are they protected? These questions all require transparent answers.

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BuyHighSellLow

· 4h ago

Not holding any funds? So where's the money, did it turn into magic? --- Another "we are very safe" story, just listen and move on. --- The Indonesian exchange has so many pitfalls that it could fill the sea; it's safer to stay away. --- Yudo said to withdraw at will, I followed this time, anyway I won't lose much. --- When the fund flow is unclear, I tell them to withdraw, and I know this thing is a no-go. --- The CEO says they don't hold any funds? That's even more ridiculous. Where should the money be stored? --- My coins were transferred out three months ago, looks like I chose the right time. --- That's why I only trust self-custody; exchanges are just paper tigers. --- Not holding funds and still calling yourself an exchange? I think you're trying to dodge regulation.

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SnapshotLaborer

· 4h ago

No way, you're not holding any funds? Then where should I put my coins... This logic doesn't quite hold up.

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SmartContractWorker

· 4h ago

Not holding funds? What about the coins, did they disappear out of thin air? This kind of excuse sounds ridiculous🤔 --- The Indonesian exchange's recent actions are truly disappointing, and the flow of funds remains a mystery. I advise everyone not to ask; asking just means you’re withdrawing your coins and running away. --- Yudo's point this time is spot on. I've seen too many news reports of exchanges running away. Self-custody is still the way to go. --- That's why I only use mainstream large exchanges. Small exchanges with vague account models are bound to fail sooner or later. --- If you're not holding funds, how can you call it an exchange? That’s just a scam, run quickly. --- Wait, if you don’t hold the funds, how do market makers operate? The logic just doesn’t add up. --- The Indonesian market is too deep; I’ve long since lost understanding. It’s safest to HODL in your own wallet.

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CounterIndicator

· 4h ago

Not holding funds? Then where is your money? That logic is a bit flawed. --- Coming with this again? The Indonesian exchange's move is indeed a bit reckless. --- Wow, this is the real risk—no one is managing the funds. --- I can't trust what Triv says. The clearer they speak, the more suspicious it seems. --- Hurry up and run away. I don't trust this kind of exchange. --- I don't quite understand the situation over in Indonesia, but if there's no custody at all, what's the point of doing this? --- Wait, if the funds aren't with them, how do withdrawals work? --- Oh my, are they trying to scare us all out? Their tactics are too deep. --- Better to forget about local exchanges; it's more reliable to go to major exchanges. --- Not holding funds but still able to trade? I can't understand the logic behind this.

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MemeKingNFT

· 5h ago

The actions of the Indonesian exchange are really outrageous. Saying they won't custody funds? What about my coins... It was about time to change the bottom consensus to "Don't trust domestic small exchanges."

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