> ideally, in a segregated account, so that they're not considered the company's asset in the case of a default Correct, they should be parked in an escrow acc

> ideally, in a segregated account, so that they're not considered the company's asset in the case of a default Correct, they should be parked in an escrow account on which the exchange has limited control. Also, such accounts are monitored by third party auditors, banks as well as government regulators. At least that’s how it’s in India.