If your exchange files for bankruptcy, expect a lengthy wait for your assets. In some cases, you might not get paid at all or may have to accept a percentage of the value you had on the exchange. Secured creditors move to the front of the line in a bankruptcy, with unsecured creditors (including customers of the exchange) being repaid only if there’s money remaining after paying secured creditors, courts, and other required expenses. In some cases, you’ll have to file a claim as a creditor.