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Crypto news, analysis and explainers from the TheWeal newsroom — market context and education, never financial advice.

Exchange Custody Risk: What Happens to Your Coins When a Platform Fails
Exchanges Exchange Custody Risk: What Happens to Your Coins When a Platform Fails When you buy bitcoin on an exchange and leave it there, you do not hold bitcoin. You hold a promise. FTX, Mt. Gox, Voyager, and Celsius each showed what happens when that promise breaks. Here is what the risks actually… Priya Rao · Priya Rao