Changpeng Zhao (CZ), the founder of Binance, has emphasized the critical need for secure self-custody wallet management practices. He highlighted the importance of using dedicated computers or devices for managing these wallets, urging users to take preventative measures against potential hacking attacks. CZ’s call for enhanced security comes amidst historical precedents of high-value breaches in the cryptocurrency space, including a 2019 Binance wallet incident that resulted in substantial financial losses. This advice aligns with industry leaders’ increasing recognition of the ongoing threat of security breaches and their associated financial risks. Experts predict that these changes in wallet management could become standard practices within the crypto community. The impact on user behavior is expected to be significant, leading to greater awareness of security protocols and a shift towards more secure methods for managing self-custody wallets.