Can users get their money back if a CEX gets hacked? Biget lost $350M to hackers, but they have a $460M protection fund. I quickly looked into the insurance amounts and mechanisms of other exchanges: Binance: $1.27B self-insurance (BTC reserves, verifiable on-chain) OKX: SAFU fund size unknown, but for European users, individual accounts are insured up to €500K Gate: $500M self-insurance (shown on their website, on-chain address not disclosed) Coinbase: $320M commercial insurance, disclosed in SEC filings HashKey: 100% insurance coverage for hot wallet assets, at least 50% for cold wallets, backed by third-party insurance Summary: After a CEX hack, the safety of user assets depends on: 1️⃣ The platform's willingness to compensate 2️⃣ The size of the platform's self-insurance fund 3️⃣ The payout capacity and limits of third-party insurance