A woman's take on web3 and crypto! 👽 Defizera | airdrop hunter
Bybit Hacked: The Importance of Self-Custody for Your Crypto
Today, the Bybit exchange suffered an attack, and one of its wallets was compromised. Hackers are moving large amounts of Ethereum (ETH) to different wallets and networks. Yet another case reinforcing a fundamental principle in the crypto world: if you don’t own the private keys, your crypto isn’t really yours.Why Keeping Your Crypto on an Exchange Is RiskyMany people, especially beginners, keep their assets on exchanges for convenience. However, this means that a third party holds custody of...
Bybit Hacked: The Importance of Self-Custody for Your Crypto
Today, the Bybit exchange suffered an attack, and one of its wallets was compromised. Hackers are moving large amounts of Ethereum (ETH) to different wallets and networks. Yet another case reinforcing a fundamental principle in the crypto world: if you don’t own the private keys, your crypto isn’t really yours.Why Keeping Your Crypto on an Exchange Is RiskyMany people, especially beginners, keep their assets on exchanges for convenience. However, this means that a third party holds custody of...
