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Crypto Exchanges / Re: How exactly is Exchange User Protection Fund used in the event of crypto hack
« on: Today at 03:53:18 PM »~ Like in the case of FTX, if something that big occurs and customer funds are lost. The exchange would compensate user some or all their funds depending on the situation and the money set aside for this eventualities.What particular FTX case? If you're talking about the bankruptcy, then that's a different situation. There is an existing law that covers reimbursements to stakeholders. The refunds would come from liquid assets (includes those reserved for Exchange User Protection) and the proceeds from sale of non-liquid assets.