bitmartshutdown

Most crypto investors spend their time worrying about Bitcoin volatility and altcoin price crashes, but former Binance CEO CZ believes they’re often overlooking a much bigger threat: custodial risk. In recent remarks explaining why Binance isn’t rushing to acquire struggling exchanges like BitMEX or BitMart, CZ noted that purchasing an existing platform can also mean inheriting hidden vulnerabilities, security backdoors, outdated infrastructure, and unresolved issues left behind by previous teams. His message wasn’t just about acquisitions—it was a reminder for every crypto user to think carefully about where their assets are stored. Whenever possible, holding funds in a self-custody wallet gives users full control over their private keys, reducing reliance on third parties. If self-custody isn’t practical, the next best option is choosing exchanges with strong financial health, transparent operations, robust security practices, and a proven track record. Market cycles will always create winners and losers, but exchange failures can erase funds regardless of whether prices are rising or falling. In crypto, surviving isn’t only about picking the right coin—it’s about making sure the platform safeguarding your assets deserves your trust.
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