CZ responds to lost BTC data, stating that if the data is accurate, storing cryptocurrency on exchanges is safer than self-custody

CZ forwarded Willy Woo's post about Bitcoin loss data, stating that if the data is accurate, from a statistical perspective, exchange-held assets may be safer than self-custodied ones. Exchanges are more likely to be targeted by hackers, making such incidents easier to quantify, while thefts or losses from self-custodied wallets often go unreported, making related data harder to collect.

On the other hand, the data from exchanges is also influenced by some exchanges that have already gone bankrupt. Finally, CZ emphasized that no custodial method is absolutely superior; different solutions are suitable for different users, and adopting a balanced asset custody approach may be a better choice. The statistical data previously released by Willy Woo indicates that approximately 1.57 million Bitcoins have been permanently lost due to self-custody. Additionally, around 1.51 million Bitcoins have been lost due to incidents such as hacking attacks and bankruptcies of exchanges.