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Binance Founder CZ Urgent Warning: Protect Your Cryptocurrency

Recently, former Binance CEO Zhao Changpeng issued a key alert to all cryptocurrency users: Do not use shared private keys or pre-configured wallets, as these highly risky practices could put your funds in danger, and once problems arise, the hope of recovering funds is extremely slim.

Shared Wallets, Hidden Risks

Shared private keys or mnemonic phrases undoubtedly open the door to your wallet for others, and funds could be quietly transferred away without your permission at any time, leaving you helpless. CZ bluntly stated that this is simply "a disaster waiting to happen" and strongly urged cryptocurrency users to abandon such practices.

Asset Protection Guidelines

1. Self-control of Wallets: Always choose a wallet where only you can access the private keys, keeping control of the wallet firmly in your hands.
2. Swift Fund Transfer: If you have assets in shared or insecure wallets, immediately transfer them to a secure wallet, leaving no opportunity for risk.
3. Request Direct Transfers: When receiving funds, make sure the sender directly transfers to your personal wallet to reduce intermediary risks.

Insight into Real Risks

In the shared wallet model, others have the right to reclaim funds at any time, while you find it difficult to prove your ownership, let alone effective remedies. CZ repeatedly emphasized that security issues cannot be compromised in the slightest.

CZ's Mission After Binance

Since stepping down as Binance CEO in 2023, CZ has devoted himself to exploring the fields of blockchain, artificial intelligence, and biotechnology, while tirelessly educating the crypto community about the security protection of digital assets.

In the crypto world where opportunities and challenges coexist, security is undoubtedly paramount. Hold your private keys tightly, stay away from shared wallets, and ensure your funds are always under your control. Speaking of which, Dao Ge has recently been optimistic about Musk's Dog PP, which has at least a 10x upside potential with the arrival of altcoins, and the community has over 20,000 members. Brothers interested should pay more attention and not miss out!