Zhao Changpeng Claims Exchange Storage May Be Safer Than Self-Custody

Zhao Changpeng cited data from Willy Woo, indicating that statistically, storing assets on exchanges may be safer than self-custody. Hacking incidents at centralized exchanges are easier to collect data on and often make major headlines, while self-custody loss events are frequently unreported. Some defunct exchanges have impacted overall exchange data, but platforms like Binance continue to cover hacker losses on the CEX side for users. Different storage methods have varying risk characteristics, suitable for different groups, and a balanced approach may be the best choice.

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