A USD/XMR pair is great but how can we trust this exchange that got hacked because of retardedly stupid security setup.
So what have they done to improve on their security? How can we trust them when they lied about the hot/cold ratio in the first place? Are they still using that rubber stamp company for the third key that can be used to bypass legitimate users keys?
You don't have to keep coins on Finex. The advantage to Monero is that now people may buy XMR directly with fiat (and then withdraw them ASAP).
As for your other questions,
https://bt.irlbtc.com/view/229438.0Yeah so there is no way I'm reading that whole thread. they lost 119,756 BTC which was far greater than what should have been in their hot wallet, they lied about their fund dispersal.
So my question once again is why should we trust them now???
FYI stated not to leave funds on an exchange is nothing but a red herring. Why you think you would have to tell me that is laughable.
LOL I dunno. Why do "we" trust Polo? Maybe because after suffering a hack, Polo paid everyone back and seemed to learn their lesson?
Why do "we" trust Coinbase, after they lost everyone's ETC (and pushed silly ideas like XT and Classic)?
Maybe "we" don't trust exchanges (or any 3rd parties) but make risk/reward calculations and take measures to minimize exposure?
You don't need to read "that whole thread." All you have to do is post your questions about Finex-specific questions/concerns there, where they are more likely to be answered than on this non-Finex topic thead.
Polo never lied though and that is a massive difference. As was the amount, the two cannot be compared.
Polo only lost 12% IE 97btc and repaid that amount in 3 just months.
This was a nice blurb as well.
http://www.coindesk.com/poloniex-claims-customers-repaid-following-march-bitcoin-hack/"If any coin should be singled out for helping to provide the boost in volume that enabled us to pay back customers quickly, it is Monero (XMR). Being a supporter of innovative cryptocurrencies, we were the first major exchange to list CryptoNotes, and Monero is still traded primarily on Poloniex."
BTW why no XMR here?
https://www.bfxdata.com/#