What if Anchorage gets Hacked

A hack at Anchorage cannot send your assets anywhere except your whitelisted cold wallet. Multi-sig process, 24 hour release SLA, and a verification call before anything moves. You are never a creditor of Anchorage. Assets sit in an FBO account in your name, insured up to $100 million. Cold wallets avoid counterparty risk but carry their own vulnerabilities. SIM swaps, phishing, malware. Most clients hold a portion in each: cold wallet, exchange, and institutional custody through DWP.