I’m sure you’re aware of the FTX/FTT drama between SBF and CZ where the security of FTX is very much in doubt right now. I’ve seen defenders of both billionaire CEOs in this sub and the simple matter of fact is neither give a shit about the general crypto market or their customers. SBF tried to cozy up (AKA buy) with regulators to get a more lenient look for coming laws and CZ literally started a social media war and is trying to wipe out the entire exchange.
This is a catastrophe for people who use FTX. Cold storage is the only way to actually be 100% secure in your crypto. There’s not an exchange on the planet that’s foolproof and this can happen to whatever CEX you currently use (kraken, Coinbase, Gemini, etc). I would also consider alternative ways of cashing out if needed like DEXes, etc.
TL:DR- Seriously, splurge the $150 for a ledger and get some piece of mind.
Share your favorite cold storage device with pros and cons if you don’t use ledger so we can spread the word to others.
submitted by /u/Odysseus_Lannister
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