RAKS Exchange’s Warning Signs Before Shutdown

[lingriiddd]

Observers noted signs of trouble at RAKS prior to the crackdown: social media accounts disappeared, customer support went offline, and forum posts indicated unpaid obligations. Unlike regulated exchanges, RAKS never disclosed ownership, licenses, or audits. Its operations mainly served darknet marketplaces needing laundering and liquidity services, highlighting risks of unregulated shadow exchanges.

[EmTeam]

️ Red Flags Before the Fall
RAKS vanished from socials, shut down support & left users unpaid.
No licenses, no audits—just a laundering hub for darknet markets. Collapse was only a matter of time. ️

[Nahid Hossen]

Shadow Exchange Risks
Observers saw it coming: RAKS hid ownership, dodged regulation, and failed payouts.
Its role in laundering for darknet markets shows why unregulated exchanges can’t be trusted.