Cube Exchange creates a guardianship committee to prevent exchange fraud
2024-03-26 14:27:54
Cube, a digital asset trading platform Exchange has established a guardianship committee aimed at preventing exchange fraud. The Guardianship Committee is composed of a group of industry participants from the Solana Foundation, Everstack, Triton One, Juicy Stack, and Kiln. These participants will act as Cubes An independent third-party verifier for Exchange and to prevent fraudulent withdrawals from occurring. This design will prevent another situation similar to FTX, where centralized exchanges are accused of abusing customer funds and deceiving lenders. (Blockworks)
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