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Jesse Powell
@jespow
AFAIK, FDIC covers bank failure, not crypto exchange hacks. Lots of intentionally misleading information out there about who has what insurance and what it actually covers. The truth is nobody has any insurance that is meaningful to the users in a catastrophe.
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Jesse Powell
@jespow
Yup. Wallet private keys are only one of many risks. You have to worry about database tampering, smart contract bugs, matching engine bugs, funding system bugs, reorgs, replays, key man risk, k&r, evil service providers/vendors, etc. Too many attack vectors to list.
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