The Decades-Long Debate About Self-Custody Reaches New Heights

A recent high-profile hack on a major cryptocurrency exchange has reignited the debate about self-custody, highlighting the vulnerabilities associated with centralized platforms and the increasing significance of secure wallets. The incident, which may have resulted in losses exceeding $1.5 billion, exposed the inherent risks associated with entrusting customer funds to intermediaries like CEXs. Despite the swift recovery and relatively limited financial fallout, the event served as a stark reminder that even established market players are not immune to attacks.