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Court Opens Door for Crypto Users to Sue Binance Over Stolen Funds

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UK Investors Sue Binance for $200 Million in Losses They Chased With Leverage

A federal appeals court has ruled that crypto theft victims can sue Binance in US courts, rejecting the exchange’s attempt to push their claims into arbitration under terms they never signed.

The Eleventh Circuit granted a writ of mandamus on Wednesday, a rare remedy that forces a lower court to correct a clear error. The panel directed a Florida district court to vacate its arbitration order.

Court Says Victims Can Sue Binance Without Signing Its Terms

Eight theft victims filed proposed class actions against Binance Holdings, BAM Trading Services, which operates Binance.US, and founder Changpeng Zhao. None of them ever held a Binance account or accepted its Terms of Use.

They allege criminals drained their wallets, then laundered the proceeds through the exchange. The complaints cite the Racketeer Influenced and Corrupt Organizations (RICO) Act, conversion, and consumer protection laws in California and Massachusetts.

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The plaintiffs say Binance ran an unlicensed money transfer business and disregarded the Bank Secrecy Act. That US law requires financial firms to detect and report suspicious transactions.

A judge in the Southern District of Florida sent the dispute to arbitration anyway, relying on equitable estoppel. The doctrine can force non-signers into a contract’s arbitration clause when they benefit from the agreement.

The three-judge appeals panel called that a misreading of the complaints. According to the order, the claims rest on a “duty otherwise imposed by law” rather than on Binance’s terms.

The procedural route matters. Federal law bars appeals of orders compelling arbitration, so mandamus was the victims’ only exit after two years of fighting over the forum. The panel also credited evidence they would forfeit claims and face unreasonable costs arbitrating abroad.

What the Ruling Means for Binance and Other Exchanges

David Silver founded Silver Miller, the firm representing the victims. He said Binance told his clients to arbitrate in Hong Kong, one case at a time.

“A contract you never signed shouldn’t keep you out of court,” Silver noted.

The compliance allegations track a record Binance has already admitted. The exchange pleaded guilty in November 2023 to Bank Secrecy Act violations and running an unlicensed money transmitting business.

It paid a $4.3 billion resolution, and prosecutors said it never filed a single suspicious activity report with FinCEN. Zhao admitted failing to maintain an anti-money laundering program and served a four-month prison sentence in 2024.

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Laundering speed explains why victims target exchanges rather than thieves. Global Ledger’s review of 255 hacks worth $4.04 billion found stolen funds can move within two seconds of an attack.

Binance’s courtroom record remains mixed. It won dismissal of terror financing claims in March, yet investors filed a $200 million UK lawsuit in June over leveraged trading losses.

The case now returns to the Southern District of Florida, where the civil RICO count allows triple damages if the victims prevail. Other circuits may soon face the same question about non-customers and exchange arbitration clauses.

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UK tax service sent 80K warning letters to crypto holders in last financial year

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UK tax service sent 80K warning letters to crypto holders in last financial year

The UK government sent more than 81,000 warning letters during the 2025/2026 financial year to crypto holders it suspects of owing unpaid taxes.

A freedom of information request seen by the BBC revealed that the volume of letters from HM Revenue and Customs (HMRC) had tripled from 27,714 in 2024.

Unpaid taxes stem from crypto bull run

HMRC believes most of the unpaid taxes stem from gains made during the crypto bull run between 2022 and 2025.

The letters remind UK crypto users that if they sell, give away, exchange or make a purchase with crypto, they may need to pay capital gains tax. 

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If they don’t pay, they face a possible penalty of up to 100% of their owed tax with interest. This increases when it comes to offshore transfers. 

HMRC plans to track wealthy crypto holders with ease

Neela Chauhan, a partner at accounting firm UHY Hacker Young, told the BBC, “A lot of the traders are young, have had little previous exposure to HMRC and often work under the assumption that HMRC has limited visibility over their activities.”

Chauhan adds that tax authorities suspect many crypto investors are evading tax, and that tracking the unpaid taxes of wealthy crypto users will be like “shooting fish in a barrel” once HMRC acquires new powers next year. 

Read more: Dutch nominee to oversee crypto tax quits over CV scandal

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These powers will force offshore crypto firms to divulge customers’ information to HMRC. The body estimates this will raise £315 million by 2030.

UK banks are also tight on crypto

Meanwhile, there’s still friction between UK banks and crypto investors.

A number of MPs representing a crypto and digital assets all-party parliamentary group recently reached out to UK banks to complain about the crypto restrictions in place and their effect on the wider crypto market. 

They claim there have been “repeated instances” where crypto firms struggle to open bank accounts, and that these restrictions “could be one of the single biggest barriers to growth for UK crypto and digital asset businesses.”

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OrdinalsBot, Bitcoin’s First Inscription Service, Is Shutting Down After 3 Years

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Algorand Targets Broad Quantum Resilience by End of 2027 With New Roadmap

OrdinalsBot, the first inscription service in the Bitcoin (BTC) Ordinals ecosystem, has announced its shutdown. The project will sell its brand, intellectual property, and full technology stack.

It opened about a month after the Ordinals protocol went live in early 2023. The project said that sustaining the business is not viable.

OrdinalsBot Puts Brand, IP, and 90 Code Repositories Up for Sale

The team announced the decision in a post on X. OrdinalsBot said it had explored measures, including restructuring and a business pivot, but ultimately determined that continuing operations was no longer viable.

“Unfortunately, the Ordinals market has contracted sharply over the past year…In these 3 years, we have achieved many great things and met amazing, like-minded people looking to bring new use cases to the mother chain and create a robust fee market,” the post read.

Rather than allow the business and its technology to gradually lose value, the company has opted to sell its entire asset portfolio through an open, competitive bidding process. The package includes the OrdinalsBot brand, intellectual property, domains, social media accounts, Discord community, and GitHub presence.

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It also includes more than three years of research and development spread across more than 90 code repositories. According to the company, the assets could give a prospective buyer an established foundation for building on Bitcoin without having to develop the underlying infrastructure from scratch.

OrdinalsBot said it has already informed investors about the wind-down and has begun receiving acquisition bids. 

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Shutdowns Pile Up Across Crypto in 2026

OrdinalsBot joins a long queue. More than 120 crypto projects shut down, filed for bankruptcy, or went dark so far this year, according to RootData.

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The closures span wallets, exchanges, NFT platforms, and DeFi tools, pointing to a broader shakeout across the industry. Crypto exchanges BitMEX and BitMart both announced shutdowns last month.

Decentralized finance (DeFi) portfolio tracker Zapper closed in August. OrdinalsBot differs in one respect. Its founders are trying to sell the pieces rather than switch off the servers.

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ETH’s Rare Double-Digit Surge Could Be Just the Beginning

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Ethereum jumped roughly 20% in the past 24 hours, a move large enough to rank as the 8th-biggest single day for the token since January 2018.

Historical data compiled by analyst Jamie Coutts suggests such moves have been unreliable over 30 days but have produced better results over three to six months.

Where This Move Ranks, and What Tends to Happen Next

Coutts published a table of every ETH day that gained 15% or more since 2018, sixteen of them completed and now trackable against what came after. Ethereum’s August 19 print landed at plus 18.5%, just behind an 18.8% day in November 2022 and ahead of a 17.5% day in December 2018.

The biggest on record is still May 2021’s 24.5% single-day gain, which was followed by a rough month (down 25.3% in 30 days) before turning positive by 180 days (up 68%). That pattern repeats across the dataset.

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Of the sixteen completed cases, only 8 were higher 30 days later, but 10 were higher after 90 days, and 12 were higher after 180 days. Average returns climbed the same way: plus 20.6% at 90 days, plus 59.3% at 180 days.

Coutts summed it up on X, saying the numbers show odds that “skew meaningfully higher over the next 3 to 6 months.”

At the time of writing, ETH was trading near $2,280 after going past $2,300 during the last 24-hour period. CoinGecko data shows a nearly 18% daily gain, an almost 19% rise over seven days, and a just about 17% increase over 30 days. Its 24-hour trading volume has climbed to about $32 billion, up 439% from the previous day.

That move also puts ETH well ahead of Bitcoin over the same period. BTC gained about 9% in 24 hours and slightly more than that in seven days, with Ethereum’s stronger performance lifting the ETH/BTC ratio by about 9% over the latest 24-hour period.

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Meanwhile, the buying pressure was unusually large, as noted by CryptoQuant contributor MorenoDV_, who reported that ETH taker-buy volume reached $2.55 billion in one hour on August 19, the third-highest reading since February 7. However, the figure does not distinguish between new long positions and short positions being closed.

Technical Recovery Meets a Broader Crypto Policy Rally

Sykodelic wrote on August 20 that ETH had moved back above its 200-day simple moving average before Bitcoin. The trader had also earlier identified the $2,400 area as the next major range level.

The wider rally came after the August 19 White House crypto meeting, where President Donald Trump pushed Congress to advance the CLARITY Act, leading to Bitcoin spiking toward $70,000.

The SEC’s August 18 crypto fundraising proposal added another policy catalyst. It includes exemptions for offerings of up to $5 million over four years or $75 million over 12 months, alongside a conditional safe harbor for certain tokens.

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Optimism-funded team's deciding vote shifts $49 million in OP tokens away from users

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Optimism-funded team's deciding vote shifts $49 million in OP tokens away from users


The approved plan reallocates 546.9 million OP from user airdrops to a Foundation-controlled Strategic Ecosystem Fund.

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Fidelity Digital Assets Names 6 Risks to Crypto’s AI Agent Thesis

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Pope Leo Just Called Out the AI Giants Bigger Than Most Governments

AI agents may not converge on public blockchains, Fidelity Digital Assets said, naming that outcome as one of the largest potential risks to the sector’s AI thesis.

The warning came days after Grayscale named 4 blockchain networks that could benefit from the adoption of artificial intelligence (AI).  

Fidelity Flags Risks in Crypto’s AI Agent Thesis

Senior Research Analyst Max Wadington published the Fidelity report on August 19. He listed the scenario among six structural risks to the AI and digital assets thesis.

Wadington explained that closed systems run by large technology firms and fintech platforms could absorb the same activity. He cited advantages in performance, cost, user experience, and regulatory clarity.

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“Even if AI drives a substantial increase in overall digital economic activity, there is no guarantee that public blockchains will capture a meaningful share of it,” he wrote.

This follows comments from Grayscale Head of Research Zach Pandl, who said the growing adoption of artificial intelligence (AI) will generate demand that public blockchains are well-positioned to meet.

He named Ethereum (ETH), Solana (SOL), Worldcoin (WLD), and Bittensor (TAO) against three demand areas. Pandl grouped that demand into agentic finance, verifiable record-keeping, and decentralized AI. He argued that traditional systems were not built for what AI will generate.

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The Other Risks Fidelity Outlined

A second risk concerns payments. The report noted that payments can drive significant transaction volumes, but they generally generate relatively low fees and compete with established financial institutions and technology platforms. 

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As a result, higher payment activity could boost adoption and usage, particularly among stablecoin issuers, without necessarily translating into comparable value accrual for native tokens, especially at the base blockchain layer.

“The primary economic beneficiaries of payment-driven growth may be stablecoin issuers and adjacent service providers rather than the underlying blockchain networks themselves,” the report read.

The remaining risks cut across the same thesis. Wadington wrote that more software output does not guarantee more economic value.

He also stated that technical differentiation could weaken as AI commoditizes development. Liquidity, distribution, security, and trust become the durable advantages instead.

Security itself turns into a competitive differentiator. AI lowers the cost of finding vulnerabilities while also lowering the cost of writing code.

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Compliance rounds out the list. Systems offering clearer identity and permissioning frameworks may suit institutional adoption.

Fidelity did not forecast any of these outcomes. The firm framed each as a risk that could reshape how much value public chains capture.

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Inside the DSA’s Push to Remake the Democratic Party

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Inside the DSA’s Push to Remake the Democratic Party

The conversations offer clues to DSA’s sudden relevance. Members talk about rent and health care, Donald Trump and immigration enforcement, Israel and Gaza, jobs that do not pay enough and homes they cannot afford. Others describe a Democratic Party they no longer believe is capable of addressing the problems shaping their lives.

There is plenty at the summit to remind visitors that this is an avowedly socialist organization. A bookseller in the hallway sells Marxist literature; The Communist Manifesto sells out by evening. Nearby, organizers decorate a “Free Stuff!” booth with fake bags of money and gold bars. But many of the grievances drawing people toward DSA no longer sound especially fringe. For Katie Sims, DSA’s 28-year-old electoral chair, the revelation came after graduating from Cornell in 2020 and looking at what a job would pay, then what rent and health insurance would cost. “I was like, none of these numbers add up,” Sims says. Polls show younger Americans are increasingly pessimistic about reaching the basic milestones available to their parents: homeownership, financial security, raising a family without amassing crushing debt. But, while Mamdani was elected mayor of New York with 51% of the vote, the people DSA has attracted are disproportionately young, white, urban, and college educated—hardly a representative sample of the working class the organization hopes to organize.

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SEC Crypto Proposal Offers New Paths for Crypto Asset Issuers

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Exterior view of the U.S. Securities and Exchange Commission headquarters building in Washington, DC

SEC Crypto News: The Securities and Exchange Commission proposed Regulation Crypto Assets, a framework that would allow eligible projects to raise up to $75 million in any 12-month period without registering the offering under the Securities Act. The proposal also includes a conditional safe harbor under which a crypto asset could be deemed not subject to an investment contract if specified conditions are met.

  • Fundraising exemption: Up to $75 million per 12-month period, with financial statements and ongoing reporting requirements.
  • Startup exemption: Up to $5 million over a four-year period, with principles-based narrative disclosures.
  • Investment contract safe harbor: A conditional path under which a crypto asset could be deemed not subject to an investment contract.

The proposal creates two exemptions from the Section 5 registration requirements for certain investment contracts involving crypto assets, which the SEC refers to as covered investment contracts.

The smaller route would cap offerings at $5 million over four years. The larger fundraising exemption would permit offerings of up to $75 million during each 12-month period.

Issuers using either exemption would be required to provide principles-based narrative disclosures and would remain subject to federal antifraud and antimanipulation provisions.

Crucially, issuers using the larger exemption also would be required to provide financial statements and comply with ongoing reporting requirements.

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Exterior view of the U.S. Securities and Exchange Commission headquarters building in Washington, DC
The U.S. Securities and Exchange Commission headquarters in Washington, DC – Source: Britannica

Crypto thought leaders such as Deepankar Kapoor, Chief Growth Officer for Global Markets at compliance-first digital asset marketplace eXchange1, believe the framework could unlock a new phase of positive mature growth for the industry.

“What excites me here isn’t fewer registration headaches for issuers, it’s what it does to the pipeline,” explained Kapoor.

“For years, promising projects either delayed launching or built offshore because the securities question was unresolved.

“A defined $75 million tier with real financial reporting attached means we should see a wave of well-disclosed, legitimate projects come to market over the next year or so.”

Kapoor also shared his expert insight into the best strategy for retail investors looking to get ahead of the SEC’s crypto move.

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“The platforms that build out their due diligence bench now, ahead of that wave, are the ones that end up capturing it.”

Why the Safe Harbor Matters More Than the Dollar Figure

The headline number draws attention, but the proposal’s safe harbor addresses when a related investment contract could cease to exist.

Under the proposed rule, a crypto asset could be deemed not subject to an investment contract if the issuer certifies to the SEC that it has ceased or terminated all essential managerial efforts it promised to undertake under that investment contract and satisfies the other conditions of the safe harbor.

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SEC Chairman Paul Atkins said the proposal is designed for non-security crypto assets that are subject to an investment contract.

In a statement accompanying the release, Atkins said issuers have had to conform to existing SEC rules that were not designed with those assets in mind, and that this approach has impeded capital formation and innovation.

He also said the agency’s past approach had driven investment offshore and limited the protections available to U.S. investors. Atkins credited Commissioner Hester Peirce’s long-standing safe harbor proposal with laying much of the groundwork for Regulation Crypto Assets.

Portrait of Paul Atkins wearing a dark blue suit and blue tie.
Paul Atkins was designated Chairman of the SEC – Source: Rollcall

Where This Sits in the Broader Crypto Regulation Push

Atkins said legislation remains indispensable for creating rules durable enough to protect the SEC’s work from being undone by a future regulator. He said the SEC will continue to support Congress in delivering the CLARITY Act to President Trump.

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The proposed exemptions would establish tailored routes for offerings involving covered investment contracts, while preserving disclosure obligations and the securities laws’ antifraud and antimanipulation provisions.

The fundraising exemption would add financial-condition disclosures, including financial statements that must be audited at certain capital-raising thresholds, according to Atkins’s statement.

What Happens Next

The release identifies Regulation Crypto Assets as a proposed rule under File Number S7-2026-27. It states that comments should be received on or before 60 days after publication in the Federal Register.

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The SEC provides an online comment process for the file number and says submitted comments will be posted on its website.

DISCOVER: XRP Price Prediction – 2026, 2027, 2030

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GnosisDAO Votes to Integrate Gnosis Chain into Ethereum Economic Zone

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Crypto Breaking News

GnosisDAO has voted to approve a major upgrade for Gnosis Chain: the network will transition from operating as a standalone layer-1 to becoming a ZK-proven “Ethereum Economic Zone” (EEZ) rollup aligned with Ethereum. The decision is intended to move Gnosis Chain’s transaction settlement to Ethereum while still running its smart contracts in an environment designed to improve how users and applications interact with Ethereum-native liquidity and assets.

In the governance vote, Gnosis Chain reported that GIP-153 passed with 123,158 GNO in support, 115 against, and 151 abstaining across 54 voters. The proposal’s turnout totaled 123,425 GNO, surpassing the 75,000 GNO quorum requirement. Gnosis Chain now says an initial launch is targeted for late 2026 or early 2027, contingent on the EEZ technology being ready.

Key takeaways

  • GnosisDAO approved GIP-153 to transition Gnosis Chain from layer-1 to an EEZ rollup that settles transactions on Ethereum.
  • The vote cleared the 75,000 GNO quorum with 123,425 GNO in turnout, signaling broad governance support despite a low “no” count.
  • Under the proposal, Gnosis Chain’s validator set would be retired, shifting settlement responsibility to Ethereum validators.
  • Gnosis Chain-native contracts would gain tighter access to Ethereum assets and liquidity, including the ability to call Ethereum and use results within the same transaction.
  • The EEZ concept is aimed at reducing fragmentation across Ethereum’s growing rollup landscape, potentially lowering reliance on bridges.

What GIP-153 changes for Gnosis Chain

The approved proposal, GIP-153, outlines a fundamental architectural shift. Instead of settling transactions on its own chain as a layer-1, Gnosis Chain would settle transactions on Ethereum, making it effectively an Ethereum layer-2 that depends on Ethereum’s validator set for settlement finality.

In the same proposal framework, Gnosis Chain’s existing validator set would be retired, aligning core settlement with Ethereum while preserving the network’s application layer. Gnosis Chain also said it would retain its “existing applications, balances and xDAI gas token,” suggesting a continuity plan for users and developers even as the underlying consensus and settlement model changes.

A key promise of the EEZ approach is improved on-chain interoperability for smart contracts. The proposal states that Gnosis Chain-native smart contracts would be able to call Ethereum and use that information in the same transaction—an ability it claims is not currently available on existing layer-2 systems.

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Why the EEZ framework is being pursued

At a broader level, the EEZ concept is designed to address a structural issue in Ethereum scaling: fragmentation. As Ethereum’s rollup ecosystem has expanded, liquidity and usage have increasingly become siloed across separate networks. Different rollups can also limit how easily contracts from one environment can synchronously coordinate with contracts on another.

According to the coverage referenced in the original report, the EEZ framework was developed by Gnosis and ZisK, with funding from the Ethereum Foundation. The stated objective is to unify Ethereum-aligned rollups so that smart contracts across different participating networks can execute synchronously—without requiring bridging mechanisms.

This matters for investors and builders because bridges and cross-chain messaging have become recurring points of failure in the broader ecosystem. The EEZ plan attempts to reduce one major source of operational and security risk while improving how assets and logic can interact across rollups.

Timing is also a central uncertainty. Gnosis Chain’s rollout target—late 2026 or early 2027—explicitly depends on the underlying EEZ technology being sufficiently developed. That means market participants may want to track technical milestones and readiness signals long before deployment.

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Buterin’s critique and the rollup security trade-off

The push for an EEZ-aligned design comes amid ongoing debate about how layer-2s fit into Ethereum’s long-term architecture. Ethereum co-founder Vitalik Buterin previously argued that some assumptions behind the original L2 vision no longer hold up. In a Feb. 3 X post, Buterin wrote that “the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path,” pointing to potential weaknesses including centralized sequencers and trusted bridging mechanisms.

Those concerns align with the EEZ pitch: move settlement closer to Ethereum’s security model and reduce bridge dependence while enabling more direct execution pathways for cross-network smart contract interactions.

Rollup adoption remains substantial. Data referenced from L2Beat indicates that 22 Ethereum rollups are listed as securing $27.82 billion, while the platform tracks $34.88 billion in total value secured when including validiums, optimiums, and other scaling networks. As that footprint grows, the industry pressure for smoother composability and reduced fragmentation is likely to intensify.

Standard Chartered: fewer bridges, more composability

Standard Chartered’s digital assets research team has also weighed in on what an EEZ could change operationally and economically. In a May 28 report shared with Cointelegraph, Geoffrey Kendrick—global head of digital assets research—said the EEZ could reduce reliance on blockchain bridges and increase the usability of assets in EVM environments.

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Kendrick wrote that “the EEZ will have the benefit of reducing the need for bridges (where hacks tend to occur) and increasing the usability of assets in EVM chains.” He added that these factors are “likely to lead to greater activity in the Ethereum ecosystem.”

From an application standpoint, Kendrick also highlighted the potential for stronger composability. The idea is that smart contracts across participating networks could interact within the same transaction, enabling richer cross-asset and cross-contract workflows without the fragmentation that can arise when operations span multiple independent rollups.

What to watch as the transition approaches

With GnosisDAO’s approval now in place, the key question for the market is execution: whether EEZ technology progresses on schedule and whether Gnosis Chain can migrate while maintaining continuity for users and developer tooling. As the late-2026/early-2027 target draws closer, attention will likely shift to implementation details—especially how Ethereum settlement, synchronous execution, and bridge reduction are delivered in practice.

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Ripple-linked XRP jumps 15% as data shows 'banker hours' onchain pattern

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Ripple-linked XRP jumps 15% as data shows 'banker hours' onchain pattern


Three hours spanning the London afternoon and New York morning account for about 23% of XRP moving onchain, up from roughly 14% a year ago.

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Link Price Gains Momentum on Increasing Whale Accumulation

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Crypto Breaking News

Link Attracting Whales Amid Robust Buy-In

The entire cryptocurrency market is now in a fresh wave of bullish trend as Bitcoin and Ethereum made impressive gains during the past 24 hours. The positive performance of the two largest cryptocurrencies has spilled into altcoin space, with several altcoins gaining significant value.

In that regard, Chainlink’s LINK has emerged as a focus of traders after the token registered a robust uptrend during the last day. LINK has gained above 8%, taking the coin’s value close to $10.65. The uptrend comes at a time when LINK had been trading with weak momentum and lack of direction.

The uptrend is being backed by whales. Market trends suggest that there has been continued accumulation of LINK by whales rather than one-off very large transactions.

Such an accumulation can prove very important as buying pressure on LINK can play an essential role in supporting the token. Unlike other transactions, LINK buying activities indicate that there have been gradual purchases of the token by certain market players. Analysis of LINK shows that it has appreciated by more than 19% in just one week.

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Link Breaks Crucial Resistance Barrier

The new price rise has been accompanied by yet another vital technical development. Specifically, LINK has risen above the crucial diagonal resistance barrier that previously prevented its price from moving higher. Another technical development is that LINK has risen back into its daily cloud area.

It is crucial to break resistance barriers because it indicates there is enough buying power to push the price past a point where sellers previously existed. Breaking out of the daily cloud adds more weight to the technical development in terms of overcoming an area that was earlier seen as a barrier.

Short-Term Correction Is Still Possible

Even with the improvement in the technical setup, LINK is still susceptible to a short-term correction, especially after the recent gains in its price.

The coin has appreciated quickly, and there might be some selling pressure from traders who choose to book profits from the current rally. However, this does not mean that a correction in LINK invalidates the bullish setup, especially when LINK is still trading above its previously reclaimed resistance levels.

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The fact that whales are continuing to buy LINK can also help during any short-term sell-off. As long as whales continue to accumulate LINK amid the new technical levels, the recent breakout can become a long-lasting move.

At the moment, LINK’s technical setup of continuous whale accumulation, increasing momentum, and a break above major technical resistances has made the altcoin a favorite among traders. For some time now, LINK has been one of the weakest coins, and the token has been showing some of its best bullish setups in some time. It will be vital for upcoming sessions to determine what happens next.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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