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Exchange Custody vs Self-Custody: CZ Weighs In on Bitcoin Losses

Guavy AI Editorial Team
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BTC BNB
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Recent data from on-chain analyst Willy Woo suggests that approximately 1.57 million Bitcoin may have been permanently lost through self-custody errors, while about 1.51 million were lost on exchanges.

Binance founder Changpeng Zhao (CZ) responded to these figures by stating that exchange custody can appear statistically safer than self-custody for many users.

However, CZ emphasized the importance of considering data biases and the role of failed exchanges in the statistics.

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