Changpeng Zhao has addressed millions of X followers to share how to preserve their crypto secure.
The advice was shared in the form of a guide launched several years ago, but, according to CZ, he spent this Sunday updating it and disposing of the unnecessary parts of it. Apparently, this major update was made in light of the Bybit hacker attack on Friday when North Korean cyber criminals got away with $1.4 billion worth of Ethereum.
Related
Mon, 02/24/2025 - 12:14 Binance Fuels ByBit With 52 Million XRP After Hack
Gamza Khanzadaev
HOT Stories Ex-Binance CEO CZ Shares 3 Key Steps to Securing Your Crypto Ripple CTO Responds to 'Rich Dad Poor Dad' Author on Bitcoin, Gold, and USD 29,532,534 XRP Hit Major US Exchange Coinbase: What's Happening? Georgia Introduces New Bitcoin Reserve Bill
3 key steps to crypto security from CZ
CZ began his tweet by saying that he feels pain when seeing “the lack of security awareness among crypto users.” He also mentioned that many advanced setups “are hard to follow and easy to screw up.”
Spent the Sunday updating this security tips article from 5 years ago. Shrunk it from 5500 to 4300 words. If you haven't read it before, I recommend reading it.
It might just save you from a hack (that you never know because you avoided it). Stay SAFU!https://t.co/DMjeqQmKhO pic.twitter.com/6HYAhxtblD
Though CZ admitted himself to not being an expert in crypto security, he has shared three key steps to storing one’s coins safely in layman’s terms. The guide that he updated this weekend then explains in detail what he meant and what additional steps to securing their crypto stash can and should be taken by users. CZ admitted that for those who has only $200 worth of crypto a regular wallet will do. But those who holds their entire life’s savings in cryptocurrencies must ensure they employ high security measures.
The guide revolves around three key pieces of advice shared by CZ with the crypto community.
Number one – “prevent others from stealing.”
Number two - “prevent yourself from losing it.”
Number three is: “Have a way to pass them to your loved ones in the event that you become unavailable.”
Related
Mon, 02/24/2025 - 10:51 Ripple CTO Responds to 'Rich Dad Poor Dad' Author on Bitcoin, Gold, and USD
Yuri Molchan
Following these steps is not so easy
CZ admitted that following his advice may be far from simple and easy. Therefore, he provided a detailed guide to clarify what those three simple steps actually include.
It is important, the guide says, to keep your private key secure with multiple backups to prevent losing your gadgets or having them damaged. It is also important to make sure that your family can access your crypto after you pass away.
CZ gives a step-by-step guide on how to store crypto on your computer, a hardware wallet. One of the key recommendations here is “to protect crypto against yourself”, which means having a lot of backups in case your wallet is damaged/lost.
Finally, CZ also recommends using reputable centralized exchanges.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
