Elon Musk Tells Crypto Holders To Do This Immediately: 'You Want To Control The Password'Several wallets belonging to tainted cryptocurrency exchange FTX were allegedly hacked Friday night, with analysts estimating that $515 million worth of assets may have been withdrawn. The development comes amid the exchange filing for bankruptcy protection.
Tesla CEO Elon Musk joined a Twitter Space hosted by Mario Nawfal to discuss the FTX hack and chimed in with his views.
When the host asked him about his recommendations for staying immune to such mishaps, Musk agreed with the view that people should be out of exchanges and be in charge of their own cryptos.
“As the saying goes – ‘not your keys, not your wallet,’ and so, you really do want to just keep in a cold wallet and not at an exchange,” he said.
Hardware wallets can store a wide variety of cryptocurrencies, including Ethereum ETH/USD and Bitcoin BTC/USD
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Hii Guys,
We All Are Suffering For Very Critical Condition The Market is Fully Down Now And Many Big Exchanges Falling Down One By One Exmp(FTX,CRO) And Today AAX Exchange Has Announced That They Are Closing Withdrawals,Trading,Futures And All That, And Recently KuCoin Exchange Token KCS Is Down By Almost 75%.
So Be Safe And Don’t Store Your Any Single Fund In Exchanges Because We Don’t Know What Will Happen So Better Keep All Of Your Fund In Trust Wallet , Safepal Wallet , Ledger, Etc And Any Decentralised Wallet 👍👍