If you don’t trust Binance, I doubt you can trust anything else.
The world’s largest and best-positioned CEX was hacked. What does this tell us?
Anything that can be hacked will be hacked. AI is advancing on the side of good, and that’s fabulous, but for every step we take, the bad guys are making progress too.
So...
🔻 How can we trust other CEXs, knowing the same thing could happen to them?
🔺 Self-custody is a YES. But it’s not something you should take lightly. You’ll need to learn, educate yourself, and become an intermediate user who knows how to navigate networks and protocols.
CEXs are convenient, but things like this happen. However, there’s a company guaranteeing your funds if something goes wrong.
Don’t panic.
Besides, what are we even talking about? Binance was hacked and they blocked all of us?
🔺After the incident, they gave us hourly updates.
🔺They told us what they were doing and assured us that our funds would be replenished because they have a protocol for situations like this.
It depends on your experience.
$TRX $NEAR $HYPE
The world’s largest and best-positioned CEX was hacked. What does this tell us?
Anything that can be hacked will be hacked. AI is advancing on the side of good, and that’s fabulous, but for every step we take, the bad guys are making progress too.
So...
🔻 How can we trust other CEXs, knowing the same thing could happen to them?
🔺 Self-custody is a YES. But it’s not something you should take lightly. You’ll need to learn, educate yourself, and become an intermediate user who knows how to navigate networks and protocols.
CEXs are convenient, but things like this happen. However, there’s a company guaranteeing your funds if something goes wrong.
Don’t panic.
Besides, what are we even talking about? Binance was hacked and they blocked all of us?
🔺After the incident, they gave us hourly updates.
🔺They told us what they were doing and assured us that our funds would be replenished because they have a protocol for situations like this.
It depends on your experience.
$TRX $NEAR $HYPE
