Binance's CZ Tweets About Bitcoin "Brain Wallets": What Are They?
Ever since the collapse of the prominent centralized exchange FTX, the masses have started migrating towards self-custody wallets. Such wallets allow users to be their own bankers and give them complete control of their funds and private keys. Parallelly, wallet security also becomes their sole responsibility. A recent search conducted by cops from the state police agency in Nevada made a suspect’s seed phrase public. An officer’s body camera apparently captured the access phrase. It took no time for the video footage to get viral on social media platforms like Twitter. Notably, two police officers were inspecting a suspect’s car and came across bits of paper. A particular piece of paper disclosed the suspect’s hand-written seed phrase. Quote-tweeting a video showcasing the same, Changpeng Zhao [CZ] asked users to learn about the risks involved in storing crypto. The Binance executive further asserted that he was a proponent of “free choice....