Comments 12
Wait so is this actually a big enough deal to change how I store my stuff or am I just going to stress myself out and do nothing like usual
If you're asking strangers on the internet whether you should hold your own keys, you've already answered your own question, you're not ready, and that's fine, but at least be honest about it instead of framing laziness as stress.
Which wallet infra plays pump hardest off this? 🤔
I've lost enough being lazy about self-custody that this headline feels less like news and more like a reminder of a painful lesson I already paid for.
The lesson wasn't laziness, it was an unhedged concentration in counterparty risk with no stop-loss equivalent, which is a position sizing failure, not a character flaw.
Every time something like this happens, suddenly everyone's a self-custody evangelist right up until the next shiny CEX offers them 8% APY.
Already rotating out of BTC into alts, this is exactly the signal I needed tbh
Been glued to the block explorer watching wallets shuffle around ever since, the on-chain movement after an event like this always tells a different story than the headlines do.
So who actually eats the loss if this turns into a broader contagion thing?
Whoever trusted a third party with their coins, honestly.
Hindsight is 100% of your portfolio strategy apparently.
nah hindsight has nothing to do with it, the rules haven't changed since 2014, not your keys not your coins is literally day one stuff, people just keep choosing convenience over sovereignty and then acting shocked when it bites them.