Paul Vigna
speaker
1,291 appearances
13 recordings
1 series
first heard Jul 2017
last heard Apr 2022
Paul Vigna’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Cryptocurrency Mystery: How Did $140 Million Disappear? · 7 Feb 2019
podcast
Yeah, right.
The information about customer balances.
Yes.
And the way it kind of works is they'll have, you know, look, if you're a customer, you send money to them on your behalf.
You know, you want to trade with them.
You want to use their exchange for trading.
You will send your money to what they call a hot wallet.
It's just an account.
Think of it as an account.
So the company will have, you know, they may have more than one of each kind, but basically they have what's called a hot wallet, which is an account that they will use for all the sort of daily operations of the company.
Right.
Money's coming in.
Money's moving out.
Everything will go through the hot wallet.
So the cold wallet is where is a reserve, is where they will keep the bulk of their holdings.
You keep it offline.
You keep it in storage somewhere.
A bank essentially does the same thing.
As a safety measure, right.
As a safety measure.
Showing 661–680 of 1,291 · page 34 of 65
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