{"id":12332,"date":"2024-06-10T11:56:16","date_gmt":"2024-06-10T04:56:16","guid":{"rendered":"https:\/\/bitcoinvn.io\/news\/?p=12332"},"modified":"2026-06-05T09:26:46","modified_gmt":"2026-06-05T02:26:46","slug":"bitcoinvn-staking-service-hacked","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/insights\/bitcoinvn-staking-service-hacked\/","title":{"rendered":"BitcoinVN staking service:
\u201cIf you get hacked, are there any assurances for the return of funds?\u201d"},"content":{"rendered":"

A BitcoinVN user wisely asked about their protections in case our service is successfully attacked by adversaries.<\/p>\n

If you are interested in the BitcoinVN staking service<\/a> but want to better understand your risks, read on.<\/p>\n

If you get hacked, are there any assurances for the return of funds?<\/i><\/b><\/p>\n

There are none. 🙂<\/p>\n

Of course, we try to:<\/p>\n

    \n
  1. Avoid getting hacked<\/li>\n
  2. Manage our hot wallet risk exposure prudently<\/li>\n
  3. Cover any losses via company reserves in case we are successfully attacked<\/li>\n<\/ol>\n

    However, it is a fully custodial service<\/strong>, and users who participate in the staking program accept the risk of trusting others (in this case, us) to “not mess up<\/em>.”<\/p>\n

    We are not claiming that this service is “essentially risk-free” or making up any other bullshit claims to make you deposit funds with us, only to have them evaporate alongside your money in a SHTF scenario.<\/p>\n

    There are risks, and we want you to fully understand them and manage them accordingly on your side. Do not deposit any funds that you cannot afford to lose!<\/p>\n

    If it makes you uncomfortable to think about losing funds deposited with us (or any other custodial service, for that matter!), learn about self-custody<\/a> and protect your own keys<\/a>.<\/p>\n

    Hence, we generally recommend self-custody to our user base unless they understand and accept the risks.<\/p>\n

    Overall, even if users are interested in participating in the staking program, we recommend keeping exposure limited (“do not risk more than you can afford to lose”<\/i>).<\/p>\n

    And while this all sounds “very bad\/risky”<\/i>:<\/p>\n

    We also have over a decade of business experience under our belt<\/a>; there are not many companies in our sector anywhere in the world (and none in Vietnam) that have survived that long.<\/p>\n

    Yes, I still want to stake with BitcoinVN<\/a>!<\/p>\n

    No, I want to self-custody my coins<\/a>!<\/p>\n

    —<\/p>\n

    Further reading:<\/strong><\/p>\n

    How does staking on BitcoinVN work?<\/a><\/p>\n

    Why are staking rewards so high at BitcoinVN?<\/a><\/p>\n

    Why is there no Bitcoin (BTC) staking option at BitcoinVN?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    A BitcoinVN user asked what protections exist if our staking service is attacked. Learn the risks of custodial staking before deciding whether to deposit funds.<\/p>\n","protected":false},"author":13,"featured_media":12334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10573],"tags":[],"class_list":["post-12332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bottom-section"],"yoast_head":"\nIf the BitcoinVN Staking service is hacked, will you get a refund?<\/title>\n<meta name=\"description\" content=\"If you are interested in the BitcoinVN staking service but want to better understand your risks, read on.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bitcoinvn.io\/insights\/bitcoinvn-staking-service-hacked\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If the BitcoinVN Staking service is hacked, will you get a refund?\" \/>\n<meta property=\"og:description\" content=\"If you are interested in the BitcoinVN staking service but want to better understand your risks, read on.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bitcoinvn.io\/insights\/bitcoinvn-staking-service-hacked\/\" \/>\n<meta property=\"og:site_name\" content=\"BV Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/www.bitcoinvn.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-10T04:56:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-05T02:26:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2024\/06\/bitcoinvn-staking.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"391\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Quynh Nguyen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@bitcoin_vietnam\" \/>\n<meta name=\"twitter:site\" content=\"@bitcoin_vietnam\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Quynh Nguyen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bitcoinvn.io\/insights\/bitcoinvn-staking-service-hacked\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bitcoinvn.io\/insights\/bitcoinvn-staking-service-hacked\/\"},\"author\":{\"name\":\"Quynh 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