Bitcoin held at an exchange is not Bitcoin. Bitcoin in self custody is Bitcoin.

SwanDesk
@SwanDesk
BREAKING: On Friday, a system glitch let Bithumb distribute 620,000 $BTC that never existed on the blockchain. The exchange only had 175 $BTC on its own books and 42,619 BTC for customers, yet its ledger treated fake coins as real. South Korean lawmakers call this a structural
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