Binance's $6.3 Billion Hack Isn't a Bitcoin Story: It's a Lesson in Counterparty Risk

Crypto just suffered the largest hack in its history, at the biggest exchange in the world. Binance says about $6.3 billion was hit, $3 billion is frozen, and every customer loss will be covered. But leaving crypto on an exchange means trusting a company's security, liquidity, and operations, not just the asset. Here's what that means for your portfolio, and why the real test comes when withdrawals reopen.