\n
<\/p>\n
\n\t\t\t\t\t\t\t\t\tThe comments came as the Coldcard saga continue to unravel. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Citing data from popular analyst Willy Woo, Binance\u2019s founder, Changpeng Zhao, published a rather controversial opinion on X, stating that it is statistically safer to store crypto assets on exchanges than in self-custody.<\/p>\n
Willy Woo\u2019s data shows that 1.57 million BTC has been lost from investors storing their holdings in self-custody compared to 1.51 million from those keeping their assets on exchanges. However, the data Woo shared comes from a December 2025 report and hasn\u2019t taken into consideration the latest hacks and incidents, including the Coldcard fiasco, in which the value of stolen BTC increases<\/a> daily.<\/p>\n CZ explained that hack data is easier to collect on the centralized exchange\u2019s side, as most become major news. In contrast, it\u2019s more difficult on the self-custody side, where hacks and lost coins are often not reported.<\/p>\n \u201cOn the exchange side, some deceased exchanges drag down the data. Binance (and a few other exchanges) have always covered users for any CEX side hacks.\u201d<\/p>\n<\/blockquote>\n He concluded<\/a> that a balanced approach, in which investors split their holdings into multiple custodians, is \u201cprobably best.\u201d<\/p>\n\n
\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/div>\n<\/div>\n