{"id":128853,"date":"2026-08-04T08:06:33","date_gmt":"2026-08-04T08:06:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=128853"},"modified":"2026-08-04T08:06:33","modified_gmt":"2026-08-04T08:06:33","slug":"cz-and-willy-woo-spark-debate-exchanges-are-safer-than-self-custody-flash-news","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=128853","title":{"rendered":"CZ and Willy Woo Spark Debate: Exchanges Are Safer Than Self-Custody (Flash News)"},"content":{"rendered":"<div>\n<p>Citing data from popular analyst Willy Woo, Binance\u2019s founder, Changpeng Zhao, published a rather controversial opinion on X, stating that it is statistically safer to store crypto assets on exchanges than in self-custody.<\/p>\n<p>Willy Woo\u2019s data shows that 1.57 million BTC has been lost from investors storing their holdings in self-custody compared to 1.51 million from those keeping their assets on exchanges. However, the data Woo shared comes from a December 2025 report and hasn\u2019t taken into consideration the latest hacks and incidents, including the Coldcard fiasco, in which the value of stolen BTC <a href=\"https:\/\/cryptopotato.com\/coldcard-wallet-attacks-enter-fourth-wave-putting-449-btc-at-risk\/\">increases<\/a> daily.<\/p>\n<p>CZ explained that hack data is easier to collect on the centralized exchange\u2019s side, as most become major news. In contrast, it\u2019s more difficult on the self-custody side, where hacks and lost coins are often not reported.<\/p>\n<blockquote>\n<p>\u201cOn the exchange side, some deceased exchanges drag down the data. Binance (and a few other exchanges) have always covered users for any CEX side hacks.\u201d<\/p>\n<\/blockquote>\n<p>He <a href=\"https:\/\/x.com\/cz_binance\/status\/2084531849515131231\">concluded<\/a> that a balanced approach, in which investors split their holdings into multiple custodians, is \u201cprobably best.\u201d<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/cz-and-willy-woo-spark-debate-exchanges-are-safer-than-self-custody-flash-news\/\">CZ and Willy Woo Spark Debate: Exchanges Are Safer Than Self-Custody (Flash News)<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Citing data from popular analyst Willy Woo, Binance\u2019s founder, Changpeng Zhao, published a rather controversial opinion on X, stating that it is statistically safer to store crypto assets on exchanges than in self-custody. Willy Woo\u2019s data shows that 1.57 million BTC has been lost from investors storing their holdings in self-custody compared to 1.51 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":1,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-128853","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/128853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128853"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/128853\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}