Ledger Executive: Bull Market Cycle Should Maintain Security Awareness, Self-Custody Is Key
Ledger's Chief Experience Officer, Ian Rogers, emphasized the importance of staying security-conscious during bull markets at the Token2049 conference in Singapore. He pointed out that during rapid market expansion, many cryptocurrency holders prefer to store their assets on centralized exchanges instead of opting for self-custody.
Rogers warned investors against over-reliance on centralized exchanges, especially during market downturns, citing the collapsed FTX as an example. Beyond the cryptocurrency space, Rogers also highlighted the rising trend of global cybercrime. To address this growing threat, Rogers recommended implementing hardware solutions and clear signature technology to achieve secure self-custody of digital assets, ensuring users fully understand the transactions they're authorizing. (Cointelegraph)