Cryptocurrencies: after the historic theft at Binance, what means to keep your assets safe?

On October 29, Binance experienced the largest cryptocurrency theft in history, losing over $6.34 billion. The attack, attributed to North Korean hackers known as Trader Traitor, targeted wallets used for customer withdrawals. Binance has stated it will cover the financial losses without impacting users. This incident highlights the platform's vulnerabilities and raises concerns about the security of cryptocurrency investments. Investors must choose between self-managing their assets in specialized safes or relying on platforms for storage. For beginners, using a platform simplifies access and recovery of tokens, as they provide standard recovery systems.

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