# Explains: The Dangers of Bitcoin Exchanges - $8 Billion GONE

Page: https://stenobird.com/podcast/bitcoin-well-podcast-7678220/explains-the-dangers-of-bitcoin-exchanges-8-billion-gone
Text version: https://stenobird.com/podcast/bitcoin-well-podcast-7678220/explains-the-dangers-of-bitcoin-exchanges-8-billion-gone.md
Podcast: [Bitcoin Well Podcast](https://stenobird.com/podcast/bitcoin-well-podcast-7678220)
Published: 2026-06-25T19:11:23+00:00
Episode link: https://fountain.fm/episode/keSOZmWxo10kv6e4rrIp
Audio file: https://feeds.fountain.fm/K4fNsugsQSuLZj6Ag7Oj/items/TLc702q8HR0UiS2xw5YI/files/AUDIO---DEFAULT---ca4c9e23-0026-4c93-a680-f2908caf7cfc.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bitcoin-well-podcast-7678220/episodes/explains-the-dangers-of-bitcoin-exchanges-8-billion-gone
Duration seconds: 972

## Resource

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 — 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: 🚀 Buy Bitcoin/Freedom: https://bitcoinwell.com 📧 Join the Mission (Newsletter): https://bitcoinwell.com/newsletter 📊 Take the Bitcoin Survey: https://bitcoinwell.com/survey 📈 Investor Relations: https://bitcoinwell.com/investors CONNECT WITH US: 🕊️ X (Twitter): https://twitter.com/thebitcoinwell 📸 Instagram: https://instagram.com/thebitcoinwell ⚡ Nostr: npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 ( https://bitcoinwell.com/nostr )

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