this post was submitted on 08 Feb 2026
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South Korean crypto firm accidentally sends $44 billion in bitcoins to users (www.reuters.com)
submitted 1 week ago by dude@lemmings.world to c/news@lemmings.world
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[–] Get_Off_My_WLAN@fedia.io 2 points 1 week ago (1 children)

From what I understand, that's how a lot of financial exchanges work. Unless you do the work of buying and selling cryptocurrency directly from and to other holders yourself, or transfer it into your own crypto wallet, your assets only exist within the exchange's own systems.

[–] pelespirit@sh.itjust.works 2 points 1 week ago

Oh shit, that's why they say don't hold your assets there. Interesting.