CZ Reveals: Shared Private Key Wallets Are Like Leaving a Door Open for Thieves, Cryptocurrency Security Requires Caution!

Former Binance CEO Zhao Changpeng warns: Never use those shared private key or pre-set wallets given to you by others; it's basically opening the door for thieves. Want to get your money back after it's lost?

Shared wallets? It's like giving away your own keys randomly; people can take your money whenever they want. CZ calls this a "major disaster" and urges everyone to avoid this pitfall!

How to protect your own assets?

You need to find a wallet where only you can access the private keys, like hardware wallets or those in secure software—being in control yourself is the safest option.

If you find your wallet is not secure, quickly move your money to a safer place.

When receiving money, also be cautious; directly ask the other party to transfer the money to your personal wallet—less steps mean less risk.

To be honest, shared wallets are risky, as others can take your money at will, and it's hard to prove that it was yours. CZ said that security is a serious matter, and there's no room for carelessness.

Since CZ stepped down as CEO in 2023, he has devoted himself to blockchain and has been educating friends in the crypto community about security knowledge.

The crypto space has both opportunities and risks; staying vigilant and finding the right timing is key. I also discovered a project with potential for a short-term surge; it has huge doubling potential! If you want to keep up, follow me for free sharing!