Binance CEO Chengpeng Zhao (“CZ”) tweeted about the recent cryptopia exchange hack, and appears to recommend storing your crypto on a “reputable” centralized exchange. Of course the underlying message is store your crypto on Binance… something you would never see Team Saturn recommending!
I know we repeat it a lot, but I am going to say it again: if you do not have control of your private key then it is really not crypto at all! Rightly so he has atleast received some backlash from the crypto community:
Thanks for the share on telegram @Wizward has given me something to laugh about tonight
Though some may respect CZ confidence in Binance’s security infrastructure, I would argue this is not really a good move at all & any hacker simply reads this as Challenge Accepted.