Wallets, Security & Custody

What happens to my crypto on an exchange if it gets hacked?

If an exchange is hacked, the assets you hold there are exposed because the exchange controls the private keys, not you. Whether you are made whole depends entirely on that exchange's reserves, insurance, and reimbursement policy, which vary widely and are not guaranteed. For example, some platforms have covered user losses from internal funds, while others have left customers waiting through bankruptcy proceedings. This is the core meaning of "not your keys, not your coins." Self-custody removes counterparty exposure but shifts full responsibility for key security onto you.

Crypto investments are subject to market risk and volatility. Past performance is not indicative of future returns. This is general information, not investment advice — consider your own circumstances or consult a qualified adviser before investing.