Cryptocurrency entrepreneur Trace Mayer expressed concern that the 8 largest cryptocurrency exchanges are stored 1.925 million BTC worth about $14 billion.
In a tweet, trace Mayer noted that such a volume of BTC stored in exchange wallets poses a danger to the entire industry:
"More than 1.925 million BTC are allegedly stored in the wallets of the exchanges Coinbase, BitMEX, Bitstamp, Bitfinex, Kraken, Bittrex, Coincheck and Poloniex, and are just waiting to be stolen, as has happened many times before."
Mayer refers to many cases of hacking cryptocurrency exchanges. Only in 2019, the upbit, VinDAX, Bitpoint, Bitrue, Binance, Bithumb, DragonEX and Cryptopia exchanges suffered from the actions of hackers.
In the event of security problems on any of the major exchanges mentioned by Mayer, BTC can be lost for a long time or forever. Recently, the analytical company CipherTrace reported that according to the results of the 3rd quarter of 2019, losses from criminal activity in the crypto-currency industry reached $4.4 billion.
Trace Mayer is not the first time to Express concern that users do not control the private keys of their cryptocurrencies. In December last year, Mayer asked that the community on the anniversary of Bitcoin is to move all your BTC to their own wallets. His "proof of the keys" plan has found many supporters, including some well-known people in the industry, such as Nick Szabo.
#bitcoin #exchanges #cryptocurrencies #TraceMayer #security
No comments:
Post a Comment