Imagine waking up and POOF, your cryptocurrency wallet is empty. Gone. No explanation. It sounds like a scene from a horror movie, but it's real life for those who don't take care of their own private keys. Are you being silly? You better think again.
Changpeng Zhao (CZ), the founder of Binance, has lyrically stated: “If you share your private keys, goodbye money.” That’s it. Sharing keys or using anyone’s wallet is like hitting the financial self-destruct button.
Shared wallets? Financial suicide.
You know that feeling when you give someone your password? Bad idea. Because when you give away your private keys, you're basically giving someone else your "vault". The result? They do whatever they want with your funds and you just watch. Drama? No, it's just logic.
CZ warns: your hard-earned money cannot depend on anyone's goodwill.
What to do to protect yourself?
1. Have your own wallet: only you should have the private keys.
2. Did you receive crypto in an insecure place? Send it to your secure wallet right away.
3. Be direct with whoever is sending you money: “Deposit it in my wallet, thanks.”
Real cases to open your eyes
People have lost everything because they "trusted" the wrong person. The result? The money is gone, and there's nothing you can do about it. CZ is shouting from the rooftops that it's not you.
The Crypto World is Like a Jungle: Survive
After leaving as CEO of Binance, CZ hasn’t stopped. He’s investing in blockchain, AI, and even biotechnology. But one thing hasn’t changed: he’s trying to save his skin in the crypto world.
So, take this tip: protect your keys as if they were your new cell phone.
Now tell me: would you trust the person next to you to take care of your safe? If not, why are you doing this with your cryptos?
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