“It’s just FUD”. Until it isn’t. It is better to be safe than sorry.

The term “FUD” is thrown around here (and in the crypto space in general) all the time. Before Celsius crashed, it was FUD. Before FTX went tits up, it was FUD.

Don’t get complacent or lazy. Still take self custody of your coins, and try to keep no crypto on centralized entities like exchanges. It is better to be safe, than sorry. After you buy your crypto, move it to your own wallet ASAP.

There were plenty of worries around various exchanges being insolvent like Coinbase, Gemini, etc, and most of the time it’s just stupid shit like a announced ahead of time maintenance. Sometimes it does look suspicious.

But all the false alarms aren’t a reason to think the next one is also a false alarm.

Everyone keeps saying how Binance news that is coming out now is just FUD. I disagree, but even if it is, why take the chance? Move your coins to your own wallet, even if you think it is fine. Use Binance? Take self custody! Use coinbase? Also take self custody! Use Kraken? Believe it or not, also take self custody.