VerifiedCrypto User

As we celebrate a quite successful 2019 in the crypto industry and enter the new year with new hope, hacks and scams across the industry remain a problem we have to face in 2020. Centralized exchanges and custodial wallets were the most targeted institutions across 2019 with investors losing over $500 million in the process. Remember Satoshi’s words in the Bitcoin whitepaper released in 2008: “What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.” The transaction of cryptocurrency through exchanges and custodial wallets breaks this very important rule. Remember, not your keys! Not your coins.

Member since: Friday, December 30, 2022

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