Musk: Users should keep cryptocurrencies in cold wallets; no key means no coins, the coin and key are one

ChainCatcher news, Twitter CEO Elon Musk joined a Twitter Space interview hosted by Mario Nawfal this weekend, during which he discussed the FTX hacking incident and shared his views. When the host asked him for advice on how to avoid such incidents, Elon Musk responded, "As the saying goes, Not Your Key, Not Your Wallet, so you should keep your cryptocurrency in a cold wallet rather than on an exchange. I want to reiterate that if you have cryptocurrency, it is wise to keep it in a cold wallet that you can access directly." (Source link)