The collapse of crypto exchange FTX raises a question for every saver and investor: What happens to your assets if the company that holds your bank, brokerage, 401(k) or crypto account goes under?
ILLUSTRATION BY ELENA SCOTTI/THE WALL STREET JOURNAL; ISTOCK; PIXELSQUIDraises a question for every saver and investor: What happens to your assets if the company that holds your bank, brokerage, 401 or crypto account goes under?
The answer varies depending on the type of account. Bank deposits have been backstopped by the Federal Deposit Insurance Corporation since the Great Depression. In the crypto world, there are
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