Ledger executives: Security awareness should be maintained during the bull market cycle, self-custody is key

Odaily Odaily News: Ian Rogers, chief experience officer of hardware wallet manufacturer Ledger, emphasized the importance of maintaining security awareness during the bull market cycle in an interview at the Token2049 conference in Singapore. He mentioned that during the period of rapid market expansion, many cryptocurrency holders tend to store their assets in centralized exchanges rather than choose self-custody. In this regard, Rogers warned investors not to rely too much on centralized exchanges, especially during market downturns, and cited the defunct cryptocurrency exchange FTX as an example. In addition to the cryptocurrency field, Rogers also pointed out that global cybercrime is on the rise. In response to this growing threat, Rogers suggested that hardware solutions and clear signature technology be used to achieve secure self-custody of digital assets to ensure that users fully understand the content of the transactions they are authorizing. (Cointelegraph)