Just saw a reminder from CZ (赵长鹏)—pretty straightforward. There’s been a recent batch of hardware wallet vulnerabilities: more than a thousand BTC cold wallets were emptied, and the losses are headed toward around $70 million. CZ’s point was that even hardware wallets could have bugs, and even older wallets could have bugs—so how do you protect yourself? By distributing your assets across multiple wallets. He also added: diversification comes with its own risks too; there’s nothing that’s 100% safe. Stay alert and keep an eye on your asset security.
I’ve been trading for nearly twenty years, and my deepest takeaway can be said in one line: don’t put all your eggs in one basket. Whether it’s a cold wallet or anything else, when a single point fails, it all goes to zero. CZ’s words are plain, but that’s exactly the truth. Diversification doesn’t mean you store things randomly—it gives you an escape route. The market is always moving; only losing your principal is truly losing everything. This lesson from the sweep involving $BTC is worth remembering for anyone who manages their own wallets. #CZ #BTC #Wallet security
I’ve been trading for nearly twenty years, and my deepest takeaway can be said in one line: don’t put all your eggs in one basket. Whether it’s a cold wallet or anything else, when a single point fails, it all goes to zero. CZ’s words are plain, but that’s exactly the truth. Diversification doesn’t mean you store things randomly—it gives you an escape route. The market is always moving; only losing your principal is truly losing everything. This lesson from the sweep involving $BTC is worth remembering for anyone who manages their own wallets. #CZ #BTC #Wallet security