The cryptocurrency market has been going through a panic for several days now.
There are many wise knowledgeable members who are always advising to be careful with cryptocurrencies.
No sane person is telling anyone to be careful with cryptocurrencies as recently as the bankraft of exchangers like FTX they are suggesting that everyone keep their funds in a place where they are fully in control of their funds and not in any way controlled by a 2nd party. Avoid holding funds on any exchange in particular, as FTX infection can spread to other exchanges at any time.
Yesterday the admin of the forum issued a red alert
Here, asking those who have cryptocurrencies in online wallets to transfer them to personal decentralized wallets as soon as possible.
Theymos didn't say to keep everyone's crypto in decentralized wallets. He says to use noncustodial wallets where you have a private key or security phase to access your wallet and where your funds are fully under your control. In this case you can think of Trust wallet as a noncustodial wallet . But you can use wallets like Electrum, Trezor, Ledger which are more secure