All Collections
Crypto FAQs
Security
What happens if the exchange my custodial wallet is part of is hacked?
What happens if the exchange my custodial wallet is part of is hacked?

What happens if the exchange my custodial wallet is part of is hacked?

D
Written by David Bowen
Updated over a week ago

It’s highly recommended users keep the majority of their cryptocurrency in a hardware wallet, off an exchange.

In the event an exchange is hacked, and funds are stolen, what will happen next will depend entirely on the exchange and their policies.

Did this answer your question?