Post
Topic
Board Beginners & Help
Re: Two important lesson I learn from this forum this year 2022
by
erep
on 26/11/2022, 21:35:14 UTC
Good to hear that most of us now are already aware about how those centralized exchanges may lose everything we have in the future. If not with this FTX hacking, people will always trust those online exchanges that have no guarantees if they can always be reliable all the time. It’s better to find a hardware wallet that is more secured and reliable than those numerous centralized exchanges online.
Many people don't realize that "Your wallet, your management" but the case that happened to FTX has proven that the adage is true, even we can't withdraw funds from the exchange without their consent and after their fund crisis no withdrawals allowed, FTX case is history the worst case for exchanges so that the recovery of crypto prices from this impact is predicted to take years.