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Unfortunately, there is a history of exchanges and online wallets being hacked. This is one of key reasons to thoroughly research where you trade cryptocurrency and securely store your digital assets. If you are hacked, there is not FDIC insurance or anything similar. If you have a large position, you can purchase individual crypto insurance. Additionally, many exchanges finance their own insurance plans in the event of a hack. The insurance coverage is generally capped and not guaranteed, so there is still a risk of loss.