That's a bit unusual. Generally it is the customer's money that's considered to have disappeared, and the company accounts are deemed to be intact.
I'll trust crypto when my deposit is FDIC insured, and the bank is subject to audits.
—”I’ll trust crypto when my deposit is FDIC insured, and the bank is subject to audits.”
The FDIC is backed by the full faith and credit of the U.S. government. ???
The Securities Investors Protection Corporation (SIPC)???
The Social Security Trust Funds??? Still in the lockbox???
And my favorite: The Pension Benefit Guaranty Corporation ???
If my pension goes south, I might? receive 15 to 20 cents on the dollar.
Most of what we have is in ETFs, bonds and stocks...
The 0bama auto bailout covered the bondholders??? NO!
Some how the uaw was paid first???