Quote from: o_e_l_e_o on April 11, 2020, 06:32:31 AM

Quote from: eulaellison on April 11, 2020, 04:48:15 AM

First, if the crypto exchange stores the assets of the trader in a centralized storage, then the exchange must return the assets of the trader if one day the storage has hacked and stolen

There is absolutely no guarantee of this happening. Some of the larger exchanges which have been hacked in the past have indeed used some of their profits to reimbursed the affected customers or to absorb the losses, but there is absolutely nothing to say they "must" do this, and there are countless examples of exchanges being hacked and either shutting down/going bankrupt, or simply saying "tough luck" to their users. This is also only a consideration in the exchange themselves are hacked. If your account is hacked and your wallets cleared out, no exchange in existence will refund your money.

I thought there would be an exchange that would return the merchant's assets if the exchange wallet was hacked,

apparently I was wrong, they were 100% unable to return the assets of the trader because all trader assets were stored centrally and if this storage was successfully hacked then all assets would be lost,
Hi sir, may I ask? whether market profits are stored in different purses so that they can return a small amount of the assets of the trader

Quote from: o_e_l_e_o on April 11, 2020, 06:32:31 AM

Quote from: eulaellison on April 11, 2020, 04:48:15 AM

secondly, a decentralized exchange, which stores assets in centralized storage, if the storage is hacked and stolen then the exchange will not return traders' assets, I will not store assets on an exchange like this

If they call themselves decentralized, but they hold your coins in their wallets with complete control over your private keys, then they are lying. That is not decentralized.

There is no safe way to store your coins on an exchange. If you want your coins to be secure, you must withdraw them and hold them in your own wallet.

sir this advice and information is useful for newbie like me thank you so much

eulaellison

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