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Tue Jan 17 23:27:14 +0000 2023

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Jesse Powell @jespow

Can someone ELI5 how an exchange could "mirror" coins you have in cold storage for trading? If it's via loans, who's funding the loans? Or, are the coins not actually cold? If the exchange blows up, are the balance losses only socialized among those not using the "cold" custody? — PolitiTweet.org

Posted Jan. 17, 2023