The Risks of Cryptocurrency Self-Custody: Lessons from a Brazilian Crypto Streamer
Fraternidade Crypto, a Brazilian cryptocurrency streamer, recently lost thousands of dollars due to an unfortunate self-custody accident. During a live stream, the streamer accidentally exposed his private key, allowing someone to steal his entire Polygon stash. This incident highlights the real risks of self-custody in the cryptocurrency world. To protect your crypto assets, it is crucial to handle private keys with extreme care and avoid storing them in easily accessible places. Diversifying the types of cryptocurrency storage and considering non-custodial solutions like exchanges can also help prevent total losses. Stay cautious and remember, ‘Not your keys, not your coins.’
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