A decade-old debate is back as self-custody gets smarter

Opinion by: Alvin Kan, chief operating officer of Bitget Wallet

Here we go again: A top centralized crypto exchange (CEX) was hacked, this time likely for the largest sum in humanity’s history. We were lucky to avoid the worst — platform collapse and devastating consequences for the industry. The incident reminded us again that even the strongest market players are not invincible. 

CEXs’ freedom to manage customer funds comes with risks, reminding users that good old non-custodial storage is still the safest.