Changpeng Zhao: Exchange Custody and Self-Custody Both Carry Risks, Balanced Allocation May Be Safer

Binance founder Changpeng Zhao stated that from a statistical perspective, storing crypto assets on exchanges may be safer than self-custody, but provided that the relevant data is accurate. He pointed out that data regarding exchanges being hacked is easier to collect and publicize, while theft or loss incidents in self-custody scenarios are often not fully disclosed, therefore statistical results may be biased.