CZ and Willy Woo Spark Debate: Exchanges Are Safer Than Self-Custody (Flash News)
Citing knowledge from common analyst Willy Woo, Binance’s founder, Changpeng Zhao, revealed a relatively controversial opinion on X, stating that it’s statistically safer to retailer crypto belongings on exchanges than in self-custody.
Willy Woo’s knowledge exhibits that 1.57 million BTC has been misplaced from buyers storing their holdings in self-custody in comparison with 1.51 million from these preserving their belongings on exchanges. However, the information Woo shared comes from a December 2025 report and hasn’t considered the newest hacks and incidents, together with the Coldcard fiasco, during which the worth of stolen BTC increases every day.
CZ defined that hack knowledge is less complicated to gather on the centralized trade’s aspect, as most turn out to be main information. In distinction, it’s tougher on the self-custody aspect, the place hacks and misplaced cash are sometimes not reported.
“On the trade aspect, some deceased exchanges drag down the information. Binance (and a number of different exchanges) have at all times lined customers for any CEX aspect hacks.”
He concluded {that a} balanced strategy, during which buyers cut up their holdings into a number of custodians, is “most likely finest.”
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