How do exchanges handle their bitcoin/crypto? It solely takes 1 worker with non-public keys to steal all of it


So hear me out. I perceive exchanges have sizzling/chilly wallets and largely use their sizzling wallets. However sooner or later they should ship crypto from their chilly pockets to their sizzling pockets.

Who does this? The CEO & solely the CEO? Technically whoever holds the password to those keys might ship it to any tackle and it not be retrievable. The particular person can be in a whole lot of bother however the crypto would in all probability be unobtainable.

Even when that crypto is “insured” the insurance coverage firm would in all probability solely be capable to payout in fiat.

Principally, how do exchanges hold your crypto safe?

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