What next after four months,
On Tuesday, the Binance CEO CZ was sentenced to four months imprisonment all on the charges of allowing for the participation of illegal money laundry from his exchange Binance, the US government gile a lawsuit against him and charged him, same way they habe been clamping down of other privacy means in which bitcoiner can use to achieve thier goals, i don't wa t to mention the keyword bit we all know about the recent ban thst took effect since January 1st of this year 2024.
By handling this with $4B, I could guess his sentence will not be too serious.
About safety of our bitcoins, it's our private keys, it's our bitcoins.
Binance or other centralized exchanges don't give us private keys so we only need to store our bitcoins on their exchanges if we can afford to lose them. By trusting them as custodians of our bitcoins, we afford to lose it anytime.
The warning is for all centralized exchanges, all online platforms, where you can store your bitcoins, not only Binance.
Reminder: do not keep your money in online accounts