IntermediateMAD Academy0:45Crypto

An IOU Until You Withdraw

A balance shown on a platform is a claim on that platform, and several large failures have demonstrated exactly what that means.

0:45 · 6 scenes

This lesson is part of a MAD Academy plan.

What the Lesson Covers

  1. 0:00A balance on a platform is not the asset. It is a claim on the platform.
  2. 0:05What the number means. A database entry saying the platform owes you, not a key you control.
  3. 0:14Why it differs from a broker. Segregation rules and investor protection schemes may simply not apply.
  4. 0:23The pattern in the failures. Customer assets mixed with company funds, used elsewhere, then not there.
  5. 0:32What proof of reserves does not prove. It can show assets exist. It does not show the liabilities against them.
  6. 0:40Know whether you hold the asset or a claim on somebody.
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Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
An IOU Until You Withdraw — MAD Academy Training Video · MadStockAlerts