Paxful CEO Биткойн өзүн-өзү сактоого чакырат, крипто алмашууга каршы кеңеш берет

The case for self-custody grows stronger as investors demand evidence of their assets over crypto exchanges. While some CEOs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody as he took responsibility for over 11 million users.

The fall of FTX was an eye-opener for investors who predominantly entrusted crypto exchanges with safeguarding their assets. FTXтин башкы директору Сэм Банкмен-Фрид, however, broke this trust by misappropriating users’ funds via Alameda Research. Ever since, numerous exchanges had to share wallet information as proof of reserves publicly.

In a Twitter post, Youssef distanced himself from “others in the industry,” reiterating that he never touched investors’ money, adding that:

«Менин жалгыз милдетим сага жардам берүү жана кызмат кылуу. Ошондуктан бүгүн мен [Paxful] колдонуучуларынын баарына Биткойнуңузду өзүн-өзү сактоого өткөрүү үчүн билдирүү жөнөтүп жатам. Акчаңызды Paxful же кандайдыр бир алмашууда сактабаңыз жана бул жерде соода кылганыңызды гана сактаңыз."

Youssef will send weekly emails to users strongly advising against storing cryptocurrencies on all crypto exchanges, including Paxful. The entrepreneur further highlighted the problem with trusting custodians such as SBF, stating that “you’re at the mercy of […] their morals.”

Рахмат Сатоши Nakamoto, Bitcoin (BTC) — as an asset — is shielded from centralized control and manipulation. Youssef pointed out this unique opportunity that Bitcoin brings to the table — “the chance to finally be in control.”

While he strongly advised users to take total control over their assets, Youssef assured their funds’ safety for investors that choose to store their Bitcoin on Paxful.

байланыштуу: Binance компаниясынын запастарын далилдегени кызыл желектерди көтөрөт: Отчет

SBF made the headlines after revealing his plan to start a new business for repaying the FTX investors.

“I would give anything to be able to do that. And I’m going to try if I can,” the infamous entrepreneur said when recently asked by BBC during an interview if he’d start a new business to repay FTX users.