custodia

⚡ MAX ALERT IN BRAZIL ⚖️⚠️ COURT DECIDES EXCHANGES ARE NOT REQUIRED TO REFUND HACK VICTIMS 🚨🛡️

Brazilian jurisprudence has just set a precedent that changes the security and responsibility rules in the national crypto market. As reported by Cointelegraph, the Judiciary has determined that if a hacker breaches a user’s account and steals their funds, the exchange is not obligated to reimburse or indemnify the customer.

This decision places the entire weight of responsibility for digital security practices squarely on the shoulders of the investor themselves.

📌 Legal Foundations of the Decision

🛡️ External Fortuity and Exclusive Fault: The courts understood that if the technological infrastructure and the central servers of the exchange remain intact, theft through individual access (such as phishing, SIM cloning, malware, or social engineering) constitutes the exclusive fault of the victim or third parties.

❌ Outside the Consumer Defense Code (CDC): Although exchanges operate as regulated virtual service providers in the country, Justice interpreted that the risks associated with negligence regarding login credentials, passwords, and security keys do not fall under the "business risk" of the platform if the internal system hasn’t been breached on a widespread basis.
💡 MY ANALYSIS

@Leandro Fumão Crypto 📣 In Web3 there are no chargebacks, transactions are immutable. Those who hold crypto on exchanges need to enable physical 2FA and withdrawal whitelisting. Long-term thinkers should migrate to cold wallets. The state can protect the ecosystem, but individual security failures are your problem.

#Custodia #BinanceSquare #CryptoNews #brasil #criptomoedas