Citing data from popular analyst Willy Woo, Binance\u2019s founder, Changpeng Zhao, published a rather controversial opinion on X, stating that it is statistically safer to store crypto assets on exchanges than in self-custody.<\/p>\n
Willy Woo\u2019s data shows that 1.57 million BTC has been lost from investors storing their holdings in self-custody compared to 1.51 million from those keeping their assets on exchanges. However, the data Woo shared comes from a December 2025 report and hasn\u2019t taken into consideration the latest hacks and incidents, including the Coldcard fiasco, in which the value of stolen BTC increases<\/a> daily.<\/p>\n CZ explained that hack data is easier to collect on the centralized exchange\u2019s side, as most become major news. In contrast, it\u2019s more difficult on the self-custody side, where hacks and lost coins are often not reported.<\/p>\n \u201cOn the exchange side, some deceased exchanges drag down the data. Binance (and a few other exchanges) have always covered users for any CEX side hacks.\u201d<\/p>\n He concluded<\/a> that a balanced approach, in which investors split their holdings into multiple custodians, is \u201cprobably best.\u201d<\/p>\n The post CZ and Willy Woo Spark Debate: Exchanges Are Safer Than Self-Custody (Flash News)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Citing data from popular analyst Willy Woo, Binance\u2019s founder, Changpeng Zhao, published a rather controversial opinion on X, stating that it is statistically safer to store crypto assets on exchanges than in self-custody. Willy Woo\u2019s data shows that 1.57 million BTC has been lost from investors storing their holdings in self-custody compared to 1.51 million […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-208594","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208594"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=208594"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208594\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=208594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=208594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=208594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}