Content
@
0 reply
0 recast
0 reaction
WebOfTrust
@weboftrust
For most, its relatively safe to keep their fund on CEX than to manage their own wallet/self-custody. Self-custody increases attack vector and chances of making a mistake, falling for scam and even threat of life. If a CEX is attacked, there is a chance that they will make you whole. On smart contract/DeFi attack, your fund is lost forever (Ronin bridge hack $600M) or pray that hacker has a change of heart (Poly $610M hack). Poloniex ($125M) -reimbursed Coincheck ($500M) - one of the biggest CEX hack as of today - reimbursed Bitmart ($100M) - reimbursed FTX - Jail ?? To make things complicated, project building with long term goal, if attacked at early stage cant reimbursed their users because treasury is low on fund. https://media.tenor.com/gfSWsxaDN78AAAAC/south-park-its-gone.gif
0 reply
0 recast
6 reactions
