mere reading the news of the hacked bybit exchange and the amount that has been stolen from it, it made me wonder if an exchange that should naturally be technologically strong can get hacked, what happens when a strong hacking teem decides to try out our nija banks that might not be well sophisticated regarding it security.
Wwll don't take it that the Nigerian banks are not as sophisticated as those of their counterparts in other countries. You could be very much mistaking. Any bank can be hacked, all what the hackers need is a loophole of vulnerability which is possible to happen with any banking system anywhere in the world.
In crypto CEX isn't a place to have your funds laying down they're as just as hackable as the traditional banks and that's why we're advised to make use of self custodial wallets for storage of our funds. Aside hackers you would have no fear of some CEO doing something funny with your funds. It will interest you that some of these hack could be a collaboration with an insider from the very CEX or bank.