If you're still leaving serious money sitting in exchange wallets, stop now.
The pain of watching your stack disappear overnight after a hack is something no trader wants to relive. Too many people FOMO into $BTC then get hit when they least expect it.
A major exchange confirmed a $351.6 million breach on Sept 24. Unauthorized transfers hit portions of its hot and warm wallets while cold wallets stayed untouched.
One camp argues this proves you should never leave coins on any exchange. The other says liquidity for trading $ETH and $USDT still makes them essential.
I side with taking profits off-exchange immediately. $351.6 million disappearing from hot wallets is too expensive a lesson to ignore.
Are you keeping most of your crypto on exchanges or moving more to cold storage?
#CryptoSecurity #Bitcoin #SelfCustody
The pain of watching your stack disappear overnight after a hack is something no trader wants to relive. Too many people FOMO into $BTC then get hit when they least expect it.
A major exchange confirmed a $351.6 million breach on Sept 24. Unauthorized transfers hit portions of its hot and warm wallets while cold wallets stayed untouched.
One camp argues this proves you should never leave coins on any exchange. The other says liquidity for trading $ETH and $USDT still makes them essential.
I side with taking profits off-exchange immediately. $351.6 million disappearing from hot wallets is too expensive a lesson to ignore.
Are you keeping most of your crypto on exchanges or moving more to cold storage?
#CryptoSecurity #Bitcoin #SelfCustody
