Date: 2025-04-07
Opinion by: Alvin Kan, chief operating officer of Bitget WalletHere we go again: A top centralized crypto exchange (CEX) was hacked, this time likely for the largest sum in humanity’s history. We were lucky to avoid the worst — platform collapse and devastating consequences for the industry. The incident reminded us again that even the strongest market players are not invincible. CEXs’ freedom to manage customer funds comes with risks, reminding users that good old non-custodial storage is still the safest. With recent advances in security features, wallets safeguard coins and help users safely make the most of their crypto.Golden rules never rustAfter the $1.5 billion Bybit hack, things settled down quite quickly. If the platform didn’t ke...
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