Episode
Explains: The Dangers of Bitcoin Exchanges - $8 Billion GONE
- Podcast
- Bitcoin Well Podcast
- Published
- Jun 25, 2026
- Duration seconds
- 972
- Processing state
not_requested- Canonical source
- https://fountain.fm/episode/keSOZmWxo10kv6e4rrIp
Actions
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Summary
Bitcoin Well Explains: The Dangers of Bitcoin Exchanges "Can't I just leave it on the exchange?" Every Bitcoin beginner asks this. This video answers it directly and permanently. Mt. Gox lost 850,000 Bitcoin. FTX vaporized $8 billion overnight. Bybit lost $1.4 billion in a single hack last year ā the largest theft in crypto history. Different decades, different countries, different excuses. Same outcome every time. The people who held their own keys were safe. Everyone else learned a painful lesson. This video covers paper Bitcoin, rehypothecation, altcoin contagion, regulatory freezes, social engineering attacks, the withdrawal pause signal, and why Bitcoin Well's non-custodial model sidesteps every single one of them. NotYourKeysNotYourCoins #SelfCustody #BitcoinEducation #FTX #MtGox RESOURCES & LINKS: š Buy Bitcoin/Freedom: https://bitcoinwell.com š§ Join the Mission (Newsletter): https://bitcoinwell.com/newsletter š Take the Bitcoin Survey: https://bitcoinwell.com/survey š Investor Relations: https://bitcoinwell.com/investors CONNECT WITH US: šļø X (Twitter): https://twitter.com/thebitcoinwell šø Instagram: https://instagram.com/thebitcoinwell ā” Nostr: npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 ( https://bitcoinwell.com/nostr )