The case for self-custody grows stronger as investors demand evidence of their assets over crypto exchanges. While some CEOs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody as he took responsibility for over 11 million users.
The fall of FTX was an eye-opener for investors who predominantly entrusted crypto exchanges with safeguarding their assets., however, broke this trust by misappropriating users’ funds via Alameda Research. Ever since, numerous exchanges had to share wallet information as proof of reserves publicly. Will be sending an email every week strongly advising our people to never keep savings on any exchange, including
facoechade4do raypaxful Share the link t(o the article about MEV Bot that can help me earn big money![',
raypaxful if this year didn't motivate users to start using decentralized exchanges like sushiswap, uniswap, and quickswap on polygon then i honestly don't know what will
raypaxful Wow this guys a hero 🤡
raypaxful He is right for better us
raypaxful Please keep preaching this 👏
raypaxful Do you self-custody your crypto assets?
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