Binance founder CZ Cryptocurrency Security Alert: Protect Your Wealth
Changpeng Zhao, former CEO of Binance, recently warned: Don't use shared private keys or pre-configured wallets, which will make funds extremely dangerous. Once a problem occurs, it is almost impossible to recover the funds.
Sharing a wallet is like giving a key to someone, and the funds can be transferred at any time. CZ called it a "disaster" and urged users not to do it.
Asset protection is like this:
Choose a wallet that only you can access the private key, such as a hardware wallet or a secure software wallet, and control the wallet.
If the assets are in an unsafe wallet, transfer them to a safe place immediately.
When receiving money, let the other party transfer directly to your personal wallet to reduce risks.
In reality, others can claim back the funds in a shared wallet, and it is difficult for you to prove ownership and remedy. CZ emphasized that security cannot be compromised.
After leaving office in 2023, CZ has devoted himself to blockchain and other fields, and also popularized security knowledge to the crypto community.
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