Binance Square
Discover
News
Notification
Profile
Bookmarks
Chats
History
Creator Center
Settings
Post
晚风1688
--
@燕寶Melissa
燕寶Melissa
·
--
Bearish
🚨CZ addresses controversy over "self-custody is safer"—viewpoints take many by surprise!

Recently, a set of data has sparked heated discussion:
📊 About 1.57 million BTC lost due to self-custody 📊 About 1.51 million BTC lost on exchanges
Many people draw the conclusion from this: "Self-custody is more dangerous" or "Exchanges are more dangerous."

But CZ offers another perspective.
CZ believes:
✅ When exchanges are hacked, it usually becomes global news, so the data is easier to compile and analyze.
✅ With self-custody, losses due to lost private keys, mnemonic phrases, hard-drive failures, and similar issues often aren’t made public—so real figures may be far higher than the known numbers.
✅ At the same time, events involving some exchanges that later went bankrupt can also inflate the historical exchange data of lost coins.

More importantly:
For top exchanges like Binance, when a security incident occurs, they typically end up bearing the users’ asset losses. But with self-custody, once a private key is lost, it’s almost impossible to recover.
However, CZ didn’t say one method is absolutely safer than the other.
His view is actually more rational:
👉 There is no absolute safety—only asset-management approaches that fit you.
#闪迪涨7%因营收增长展望
$BTC

$ETH

$BNB
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.
254
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
Cookie Preferences