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RE: CoinCheck Hacked ($500M gonezo), Re-affirming the need for personal crypto security!

in #cryptocurrency7 years ago

I learned early on as part of my research, you should always have control of your wallets and private keys. Centralized Exchanges are vulnerable to attacks from a number of sources and these attackers are incentivized to attack as they have concentrated sources of assets to take with one attack.

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Most people have gotten into the game after Mount Gox and Cryptsy, but a quick google search will tell you everything you need to know about why you need to control your private keys in cold storage.