CZ responds to the loss of BTC data: if the data is accurate, storing cryptocurrencies on exchanges is safer than self-hosting

Comparing the news, CZ retweeted Willy Woo's post on Bitcoin loss data, saying that if the data is accurate, from a statistical point of view, assets managed by an exchange may be safer than self-managed. Exchanges are more likely to be counted when hacked, and incidents such as self-managed wallets being stolen or assets lost are often not publicly disclosed, making it more difficult to collect relevant data. On the other hand, exchange data is also affected by some exchanges that have gone out of business. Finally, CZ emphasized that no one hosting method is definitely better; different solutions are suitable for different users, and adopting a balanced asset escrow method may be a better choice.

According to statistics previously released by Willy Woo, approximately 1.57 million bitcoins were permanently lost due to self-hosting. In addition, the exchange has accumulated losses of approximately 1.51 million units due to incidents such as hacking attacks and bankruptcy.