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Struggling exchanges face tough challenges during crypto downturn, Gracy Chen notes

Struggling exchanges face tough challenges during crypto downturn, Gracy Chen notes
Crypto downturn exposes exchange vulnerability

Gracy Chen, chief executive officer at Bitget, reflects on the wave of negative headlines involving several struggling crypto exchanges over the past month. She highlights that some of the affected founders are familiar figures, serving as a reminder of the unforgiving nature of downturns in the cryptocurrency industry.

Earlier this month, Gracy Chen confirmed that Bitget was conducting reviews into abnormal price activity involving the TUT, BICO, and LOBSTER tokens, with risk controls put in place following the incidents. Separately, Chen was recently scheduled to speak on Bitcoin, AI, and tokenization at an industry event focused on Bitcoin’s evolving role. Both developments come as Bitget navigates recent industry turbulence.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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