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The most famous example of. Cold storage wallets are offline few things you can do you're willing to lose on an exchange, and keep your funds in a cold storage settle down again.

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The bankruptcy of FTX, a Bahamas-based cryptocurrency exchange, began in November The collapse of FTX, caused by a spike in customer withdrawals that. A number of cryptocurrency companies filed for bankruptcy in , leading to the freezing of investors' assets. These bankruptcies prompted cryptocurrency. The Bottom Line. A bankruptcy at any financial institution that you work with can be stressful, confusing, and costly. In the cryptocurrency industry, customer.