@wayneleonard

Exchanges risk hacks (2023’s Binance hack stole $50M) and mismanagement (FTX collapse). Safe choices: those with cold storage (90%+ assets offline), 2FA, and regulatory licenses (e.g., Coinbase’s U.S. approval). Avoid unregulated exchanges. Investors should check security audit reports (e.g., from CertiK) and past breach responses to protect funds.

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