A lot of safety criticism on CEX
about the @Bybit_Official ETH $1.5Billion hack.
But for my PERSONAL perspective,
I still think CEX is still the safest crypto storage method for beginners.
Even hack event like this, the security obligation is on the CEX.
They will find ways to cover / insure it.
#SAFU
Pro tip: diversify your asset into multiple trustworthy CEX.
(They are too profitable, to give up the business operation)
And even CEX will need to liquidate or bankrupt like @FTX_Official eventually,
Users are still protected by company act & legal procedure, priority to get refunded their assets.
For non-custodial wallet, is “too safe” to handle by beginners.
And still hack-able using social engineering method like this Bybit ETH hack case.
*not criticising DEX. It’s a different topic.
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.