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Crypto safety: plan for worse

On 29 October 2026, thieves took about US$6.3 billion from Binance, the biggest crypto exchange. It may have started with one engineer's laptop. Any exchange, phone or wallet can fail. We help you get ready before yours does.

Exchange
a company that keeps your coins and trades them for you
Wallet
where coins are kept; with your own wallet, only you hold the key
Recovery words
12 or 24 words that open a wallet; whoever has them has the coins

Book a safety check How bad can it get

30 October 2026

The news today. Each line links to where it was said.

How bad can it get

Each step is worse than the one before. Plan for the last one.

  1. 1

    Paused for weeks

    Your coins show on the screen, but you cannot move or sell them while the price falls.

  2. 2

    Paid back in part, years later

    Mt. Gox failed in 2014. Payments began in July 2024, and some customers are still waiting now. source · decrypt.co

  3. 3

    Other exchanges slow down

    Many people take money out at once. Exchanges, Thai ones too, slow or stop withdrawals. Zipmex, with many Thai users, stopped them in July 2022. source · reuters.com

  4. 4

    USDT stops being one dollar

    This week Tether froze US$1.5 billion of USDT. One company can stop any USDT address.

  5. 5

    Your bank account is frozen

    Sell crypto to a stranger and the baht may be stolen money. Thai banks freeze the account that receives it. source · keptbykrungsri.com

  6. 6

    Fake callers

    People pretend to be Binance or the police, or offer to get your coins back for a fee.

  7. 7

    Your own phone or laptop

    One laptop may have opened Binance. A photo of your recovery words or a reused password can empty your wallet, and nobody can pause it.

  8. 8

    Your family cannot reach it

    You are in hospital. Does anyone in your family know where your coins are, and who might pretend to help?

Which exchanges are paused now Each exchange with the time and the source, and a calculator: how many months you could live if each place froze. On Offrampt, a free site about crypto in Thailand.Open the board

Four questions

Tap yes or no.

  1. Is most of your crypto on one exchange?

  2. Are your recovery words in a photo, a notes app, an email or a chat?

  3. If you were in hospital tomorrow, could your family reach your coins?

  4. Have you lost crypto to a thief or a fake offer?

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