Disclaimer
The information provided on this website is a reflection of my...The painful experience of Hodlnaut incident emphasized the importance of the expression “not your keys, not your coins”.
Nowadays, I still hold assets with custodian (noun: a person who has responsibility for taking care of or protecting something) platforms such as FTX but it is only a small fraction of what I used to.
Read also : 8 Easy Tips To Use FTX Crypto Exchange Like A Pro (Other Than Clicking Buy/Sell)
The failure of custodian platforms such as Vauld, Voyager Digital, Celsius and Hodlnaut have made many, including myself, increasingly wary of the dangers of centralized platforms.
The end result is that many have chosen to keep their crypto assets in hardware or cold wallets where they sit idle.
In many cases, people are either unaware or do not know what they can do to earn yield on their assets.
