Post-Binance hack: Industry experts weigh in on crypto’s safest haven

The remnants of the Binance hack, which has now been acknowledged as the biggest hack in history in terms of hacked value, reaching almost $6 billion, have raised several questions. The most obvious of which is how we can safeguard crypto holdings, and where investors and retail buyers can purchase, hold, and sell crypto. Whether it’s buying through P2P networks while holding crypto or digital assets on self-custodial wallets, or through crypto exchanges, banks, or even through institutionally offered Bitcoin ETFs or ETPs, investors, institutional or retail, are asking where it is safe. Financial analysts and blockchain researchers are actively contrasting the security profiles of Centralized Exchanges (CEXs), Crypto ETFs, and Decentralized Finance (DeFi) and other avenues.

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