[spookthesunset]

These exchanges are all operating completely outside of any regulation or oversight. I wouldn't be surprised to find if most of them were completely insolvent and didn't hold a good majority of the crypto currency they claim to. I also wouldn't be surprised if a good fraction of their exchange volume was completely fabricated.

If you use these exchanges, you are basically playing in a wild-west casino where the house has every single advantage and every incentive to siphon off every dime of your money.