The Binance Hack

The Binance Hack: What happened and how does a custodian differ from an exchange in security terms?

As part of the upcoming CThru Crypto Academy, CThru is launching a series of informal, bimonthly digital assets breakfasts, starting on 3 December.

Clients are increasingly asking us questions about crypto, and recent events, including the Binance hack, have made those questions more pressing. How are assets secured? Who actually holds the assets? What happens if a platform fails?

Every two months, the CThru team will host a short, focused briefing at Camilla’s in St Peter Port, tackling a topical issue in the digital assets space, followed by an informal, drop-in Q&A.

Our first session: Exchanges vs professional custodians – what happened with Binance?

We’ll start with the question we’ve been hearing most frequently since the recent Binance incident: how does a crypto custodian differ from a crypto exchange, and what can we learn from what happened?

The session will be short, practical and focused on the real-world implications for firms in the Bailiwick considering engaging with this evolving asset class securely.

Come along, grab a coffee and bring your questions.