Bloomberg Crypto cover image

Bonus: The Crypto Story by Matt Levine - Part 5

Bloomberg Crypto

00:00

0.005215 Bitcoin - I've Been Defrauded?

The exchange could hang on to your Bitcoin for you. Instead of sending you 0.005215 Bitcoin, it could put them into its own wallet. The customer service can be a bit better but there are some obvious downsides. When all the Bitcoin in an exchange is wallet gets stolen, it can be hard to tell whether they were stolen by outside hackers or by the exchange's CEO.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app