Risks of self-custody

The FTX debacle sparked an increase in calls for crypto self-custody this week, including Binance CEO Changpeng Zhao describing it as a “fundamental human right.” However, some warn that there are still risks involved when opting to hold your digital assets on your own.  Vitalik Buterin, co-founder of Ethereum, highlighted on Twitter that while the decentralized finance and self-custody ethos were popular this week, there are still risks involved. According to the Ethereum co-founder, bugs in smart contract code are some of these risks. To avoid them, Buterin also mentioned some tips, such as keeping code simple, audits, formal verification and defense in depth. Apart from smart contract bugs, transferring crypto assets after death also became a topic on social media. Bruce Fento...