Crypto Risk & Custody
Where value is actually lost — custody models compared honestly, the documented exchange failures and what specifically broke, why proof of reserves proves less than it sounds, smart-contract and governance risk, the regulatory and record-keeping reality, and how to frame an allocation to something that can go to zero.
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What does "not your keys, not your coins" actually mean?
Start the first lessonUnit 1 Custody Models
- What does "not your keys, not your coins" actually mean?
- What does self-custody actually make you responsible for?
- How do multisig and inheritance planning change the key problem?
- What does institutional qualified custody actually add?
Practice Check · Unit 1 A short check · cannot be failed Start
Unit 2 When Custodians Fail
- What are you actually holding when your coins sit on an exchange?
- What actually failed at Mt. Gox?
- What actually failed at FTX?
- Why is proof of reserves weaker than it sounds?
Practice Check · Unit 2 A short check · cannot be failed Start
Unit 3 Smart Contract & Protocol Risk
- What does a smart-contract audit actually prove?
- Which exploit patterns keep repeating?
- Why do bridges lose the most money?
- Who can actually change the rules of a protocol?
Practice Check · Unit 3 A short check · cannot be failed Start
Unit 4 Regulation, Records & Risk Framing
- Why is the same token regulated differently in different countries?
- Why is record-keeping the hardest part of crypto tax?
- How do you size something that can go to zero?
- What have you actually learned about crypto risk and custody?
Practice Check · Unit 4 A short check · cannot be failed Start
Last Course exam
One exam, the whole course Unlocks when you have read all 16 lessons
Passing it earns the course certificate.