Collected source record

Crypto exchanges may have the reserves to cover massive hacks, but your personal wallet might not. Binance says it can absorb its recent losses, but self-custody puts the…

Lark Davis
Published: 2026-11-05 03:01 UTC
Collected: 2026-11-05 03:25 UTC
Original language: Not supplied by source

Original source excerpt

Crypto exchanges may have the reserves to cover massive hacks, but your personal wallet might not. Binance says it can absorb its recent losses, but self-custody puts the responsibility directly on …

Crypto exchanges may have the reserves to cover massive hacks, but your personal wallet might not. Binance says it can absorb its recent losses, but self-custody puts the responsibility directly on you. I f your keys or seed phrase are compromised, there may be no company reserve to save your funds.

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