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Sir Martin Narey, the former head of the Prison and Probation Services in England and Wales who brought the complaint about the adverts, said: “I thought they were frightening young women and terrifying their parents by exaggerating the likelihood of being raped.”

Leaving crypto in an earn account feels risky, at least at first glance. That instinct is understandable, given the industry’s history.

But it is also worth examining whether that instinct holds up under scrutiny, because the landscape has changed considerably over the past few years, and modern earn products on reputable platforms are built very differently from the structures that failed.

Products like CoinEx Flexible Savings are designed with transparency and liquidity at the forefront. Interest is generated by real borrowing demand, assets are fully backed by verified reserves, and users can redeem at any time without penalty. That combination addresses most of the concerns that made earlier earn products feel precarious.

Why Earn Accounts Have a Better Safety Record Than the Headlines Suggest?

The high-profile collapses that shook the industry between 2022 and 2023 were not failures of the earn account model itself. They were failures of governance, transparency, and asset management. Platforms that commingled user funds, operated without reserves, and obscured their financial position created the conditions for collapse. Those failures were real, and the damage to retail investors was serious.

What followed, however, was a significant industry-wide reckoning. Exchanges that had operated with limited accountability began facing pressure to publish verifiable reserve data. Those that already maintained full reserves and robust security infrastructure were able to demonstrate exactly why their earn products operated differently. The distinction between well-governed platforms and poorly governed ones became much clearer.

Proof of Reserves Changed the Conversation

Proof-of-reserves verification allows any user to confirm that the funds they see in their account are genuinely held by the platform. Exchanges that publish this data regularly and submit to third-party audits are making a quantifiable commitment rather than a marketing claim. That level of transparency is increasingly becoming the baseline expectation.

For users considering earn accounts, the presence of verified reserve data is one of the most meaningful signals available. It indicates the platform is not lending out user deposits beyond its capacity to cover withdrawals, which was the core mechanism behind the industry failures that generated the most public concern.

What Makes Earn Products Low Risk in Practice

• Flexible vs. Fixed Products

Flexible earn products allow instant subscription and redemption. Users can exit at any time, without notice periods or penalties, which limits their exposure to the duration they actively choose.

Fixed-term products typically offer higher yields in exchange for a commitment period. Users accept a longer window of platform exposure for a better rate. Both can be reasonable choices, but flexible products give conservative users the most direct control over their risk.

Sustainable earn yields come from lending to margin traders and borrowers on the same platform. Those borrowers pay interest, and the platform distributes a portion of that interest to savings depositors.

Because the yield is tied to genuine borrowing demand, rates fluctuate with market activity rather than staying artificially elevated. This is a meaningful indicator of a well-structured product. Rates that are consistently far above market norms, with no clear explanation for where the return comes from, warrant closer scrutiny.

Security Infrastructure on Modern Platforms

A well-operated exchange does not store all user assets in a single accessible location. Standard security architecture involves cold storage for the majority of holdings, with a smaller portion in hot wallets to handle withdrawals efficiently. Multi-signature protocols, physical system isolation, and real-time monitoring systems add further layers of protection against internal and external threats.

Platforms that have operated for many years without a major security incident have demonstrated something that newer entrants simply cannot offer: a track record. Longevity in the crypto exchange space, combined with growing user numbers and transaction volume, is evidence that the underlying infrastructure is functioning reliably under real-world conditions.

How to Use Earn Accounts Responsibly

The most sensible approach treats an earn account as one component of a broader allocation strategy rather than a passive storage solution. Keeping a portion of idle assets in a flexible earn product while maintaining personal custody of long-term holdings offers a balance between earning yield and limiting platform exposure.

Checking reserve publications periodically, paying attention to platform communications during periods of market volatility, and diversifying across multiple platforms for larger holdings are straightforward habits that reduce concentrated risk without requiring any technical expertise.

The Bigger Picture

Exchange earn accounts, when offered by transparent, well-capitalised platforms with verified reserves and strong security infrastructure, represent a genuinely useful tool for crypto holders. The risks that once made these products feel precarious have been substantially addressed by the generation of platforms that prioritise accountability. For investors who understand what they are using and choose their platform carefully, earning yield on idle crypto assets is a reasonable strategy.

One of America’s once-dominant beer brands is being discontinued after more than 175 years.

Schlitz Premium, a beer brand that traces its roots to Milwaukee in the 1840s and was once among the largest breweries in the country, is being put “on hiatus,” parent company Pabst Brewing Co. confirmed Friday after Wisconsin Brewing Company announced it would brew the brand’s final batch later this month.

“Unfortunately, we have seen continued increases in our costs to store and ship certain products and have had to make the tough choice to place Schlitz Premium on hiatus,” Zac Nadile, Pabst head of brand strategy, said in a statement to Milwaukee Magazine.

“Any brand or packaging configuration that is put on hiatus is still a cherished part of our history and hopefully our future. We continually look for opportunities to bring back beloved brands, and customer feedback is important in shaping those discussions.”

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The brand was founded in 1849 as the Joseph Schlitz Brewing Company in Milwaukee, Wisconsin. (Getty Images)

The Schlitz brand became famous for its longtime slogan, “the beer that made Milwaukee famous,” and was once the nation’s largest brewery before Anheuser-Busch overtook it in the late 1950s.

The company was originally founded in 1849 after August Krug opened a tavern brewery in Milwaukee. Joseph Schlitz later took over the business after marrying Krug’s widow and helped transform it into one of the world’s largest beer brands.

Schlitz rose to prominence after the Great Chicago Fire in 1871, when the brewery shipped beer to Chicago as residents struggled to access clean drinking water.

“It’s a nostalgia factor,” Joseph Conforti, general manager of Milwaukee Brat House, told ABC7 Chicago. “People from out of town are surprised that they still make it.”

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Cars on Woodhaven Boulevard drive past a Schlitz beer billboard in Queens, New York, on Oct. 1, 1960. (Walter Leporati/Getty Images)

Schlitz began losing popularity in the 1970s after cost-cutting recipe changes altered the beer’s flavor. The brand was later sold to Stroh Brewing in 1982 before Pabst acquired it in 1999.

Kirby Nelson, brewmaster at Wisconsin Brewing Company, said the company wanted to give the historic beer brand a proper farewell after learning production was ending.

“We decided that, Schlitz being what Schlitz was, it deserved a proper sendoff. One with dignity and respect,” Nelson said.

A can of Schlitz beer, produced by Pabst Brewing Company. (Getty Images)

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Wisconsin Brewing Company said it plans to brew “the last Schlitz” at its Verona, Wisconsin, brewery on May 23, with a limited release scheduled for June 27. Milwaukee-area bars and breweries are also planning farewell events tied to the final batches.

Representatives for Schlitz and Pabst Brewing Co. did not immediately respond to FOX Business’ request for comment.

The rapid digitalization of the global economy, combined with heightened geopolitical tensions, has significantly increased the frequency and severity of cyberattacks, posing a serious threat to global financial stability. The financial sector is particularly vulnerable, as sophisticated attacks targeting sensitive data and critical infrastructure can erode market confidence, cause deposit outflows, and trigger systemic shocks.

Key Points

• Rising Threat Landscape: Cyberattacks against financial institutions have more than doubled since the pandemic, with the magnitude of extreme losses from such incidents quadrupling to $2.5 billion since 2017.
• Systemic Risk: Financial firms, particularly banks, are primary targets. Successful attacks can lead to bank runs, market volatility, and the disruption of critical national payment systems, as evidenced by recent events in Lesotho and the United States.
• Third-Party Vulnerabilities: Increased reliance on third-party IT providers and emerging AI technologies expands the attack surface, creating the risk of widespread, simultaneous outages across multiple institutions.
• Policy Gaps: Many countries, especially in developing markets, lack sufficient national cybersecurity strategies or dedicated regulations to address these systemic threats.
• Recommended Actions: The IMF advocates for:
  • Enhanced board-level cybersecurity expertise and better organizational “cyber hygiene.”
  • Regular systemic risk assessments regarding institutional interconnectedness.
  • Improved data collection, incident reporting, and information sharing among financial participants.
  • Strengthened international cooperation to combat cross-border cyber threats.
• Resilience Focus: Since total prevention is unlikely, the sector must prioritize robust response and recovery procedures to ensure the continuity of critical business services during and after an attack.

To mitigate these risks, the IMF emphasizes that firms and regulators must move beyond individual defense mechanisms to establish comprehensive national and international cybersecurity frameworks that prioritize systemic resilience, improved governance, and standardized incident reporting.

To strengthen resilience in the financial sector, authorities should develop an adequate national cybersecurity strategy accompanied by effective regulation and supervisory capacity that should encompass:

• Periodically assessing the cybersecurity landscape and identifying potential systemic risks from interconnectedness and concentrations, including from third-party service providers.
• Encouraging cyber “maturity” among financial sector firms, including board-level access to cybersecurity expertise, as supported by the chapter’s analysis which suggests that better cyber-related governance may reduce cyber risk.
• Improving cyber hygiene of firms—that is, their online security and system health (such as antimalware and multifactor authentication)—and training and awareness.
• Prioritizing data reporting and collection of cyber incidents, and sharing information among financial sector participants to enhance their collective preparedness.

While cyber incidents will occur, the financial sector needs the capacity to deliver critical business services during these disruptions. To this end, financial firms should develop, and test, response and recovery procedures and national authorities should have effective response protocols and crisis management frameworks in place.

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Some careers are built through one major breakthrough. Others are built through years of steady decisions, small improvements, and a willingness to adapt. For Ian Reight, success in medicine came from learning how to stay calm, think ahead, and embrace change long before many others did.

Today, Reight is known as a general surgeon, healthcare leader, and former chief of surgery who helped guide teams through changing technology and growing demands inside modern hospitals. But his story started far away from operating rooms and robotic surgery systems.

Growing up in Maryland, Reight spent part of his early life as a volunteer firefighter and paramedic. The work exposed him to pressure, urgency, and responsibility at a young age.

“I learned early that people look for leadership when situations become chaotic,” Reight says. “You do not always have time for perfect decisions. You have to stay focused and move forward.”

That lesson would shape nearly every stage of his career.

How Ian Reight Built His Career in Medicine

Before entering medicine, Reight studied psychology at the University of Maryland College Park. Later, he earned his medical degree from the Medical University of the Americas.

He says studying psychology gave him an advantage many physicians overlook.

“Medicine is about people as much as science,” he explains. “You can be technically skilled, but if you cannot communicate well, patients and teams lose confidence.”

As Reight moved into surgery, he quickly realized the profession required far more than medical knowledge alone. Surgeons often lead teams during high-pressure situations where timing, communication, and trust all matter.

Over time, he took on larger leadership roles. He served as medical staff president, chief of surgery, medical director of a breast center, and medical director of wound care and hyperbaric medicine.

Each position brought different challenges. Some involved patient care. Others focused on managing teams, solving operational problems, and improving hospital systems.

“You cannot only think like a surgeon,” Reight says. “You also have to think about how every part of the hospital works together.”

Why Ian Reight Embraced Robotic Surgery Early

One of the biggest ideas that influenced Reight’s career was his willingness to adapt to new technology instead of resisting it.

As robotic surgery became more common in hospitals, many physicians were cautious about changing long-established methods. Reight chose a different approach. He became deeply involved in robotic surgery and eventually served as a lead robotic surgeon.

“At first, people naturally questioned whether it would become the future,” he says. “But medicine always evolves. You either learn with it or fall behind.”

Robotic surgery introduced greater precision and helped reduce recovery times for many patients. Reight believed the technology could improve patient outcomes if surgeons approached it with the right mindset and training.

“The technology itself is not enough,” he explains. “You still need discipline, preparation, and strong decision-making.”

His openness to innovation became one of the defining themes of his career. Rather than staying comfortable, he focused on learning continuously and helping teams adjust during periods of change.

“The moment you stop learning is the moment you become ineffective,” Reight says.

Leadership Lessons From the Operating Room

As Reight’s responsibilities grew, so did his focus on leadership. He believes many of the same principles that guide surgery also apply to business, management, and life.

In surgery, preparation matters. Communication matters. Consistency matters.

According to Reight, those same habits help organizations succeed during uncertain periods.

“People want leaders who stay calm when things become difficult,” he says. “Panic spreads quickly in any environment.”

During his years in leadership positions, Reight often worked between physicians, nurses, administrators, and staff members with different priorities and pressures. Keeping everyone aligned was not always easy.

He says one of the biggest mistakes leaders make is focusing only on their own responsibilities instead of understanding the bigger picture.

“You have to understand the pressures other people are dealing with,” he explains. “That is how strong teams are built.”

His leadership style focused less on authority and more on trust, communication, and consistency over time.

What Ian Reight Says About Long-Term Success

Reight believes long careers are rarely built through dramatic moments alone. Instead, they come from repeated habits and steady improvement.

That mindset helped him move through multiple areas of healthcare leadership while continuing to practice medicine directly with patients.

“Success usually comes from small decisions repeated over many years,” he says. “People often underestimate consistency.”

Outside the hospital, Reight enjoys spending time with his dogs and cooking, which he says helps him stay balanced after years in demanding medical environments.

Interestingly, he sees similarities between cooking and surgery.

“There is timing, preparation, and attention to detail involved in both,” he says with a laugh. “You learn patience very quickly.”

Looking back, Reight says the biggest ideas that shaped his career were not complicated. Stay adaptable. Keep learning. Communicate clearly. Stay calm under pressure.

Those ideas helped him navigate medicine during a period of enormous technological and organizational change.

And in an industry where change never stops, Reight believes those lessons matter now more than ever.

“Leadership is not about having all the answers,” he says. “It is about staying steady enough for other people to trust you when challenges come.”