Benzinga - The FTX fraud and the subsequent hack that reportedly drained about $600 million from the tainted cryptocurrency exchange have brought back discussions concerning the steps to avert such fraud.
What Happened: Self-custody is a fundamental human right, said Changpenz Zhao, founder of Binance, the world’s biggest crypto exchange. The billionaire, who is widely known as CZ, said investors are free to do it any time, and they just need to ensure that they do it right, he said.
CZ recommended getting started with small amounts to learn the tech/tools first, and cautioned that mistakes can be very costly.
In another tweet, CZ also canvassed for TrustWallet, a self-custodial cryptocurrency acquired by Binance in 2018. “@TrustWallet allows you to store your crypto yourself, if you want. Your keys, your coins,” he said.
.@TrustWallet your keys, your coins. https://t.co/pJUc26kQ7n— CZ