Mid-Month November Report: FTX Implosion Changes Everything
"Not your keys, not your coins." It's a saying many of us have heard time and time again. For some of you, this is a lesson instilled in you far before the implosion of the once wildly popular FTX. For others, it's a saying you've heard, but chose to ignore and perhaps continue to ignore. Objectively, there is no correct answer. Yes, your keys are significantly more likely to be safe from theft if held in self custody. But Alex Kruger brings up a counterpoint that is very much true:
The beauty of cryptocurrency being mainly unregulated is the same thing that creates danger, and forces one to be cautious. The first half of November taught us that there is no perfect option, but exchanges certainly can't be blindly trusted as they were by many before November 8th.
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