[lawn]

No, it is in fact the exchanges that are losing money. In this case the customer funds are insured and they will not lose any funds.

> this is exactly what bitcoin is missing

What you mean to say is this is what many cryptocurrency exchanges are often missing, which I agree with.

[ForHackernews]

They're not really insured: the exchange has claimed they have a self insurance fund (they call it 'SAFU') that they will draw on to make their customers whole. We'll see if that happens.