Michael Saylor, executive chairman of Strategy, said, “Publishing a simple wallet that you can track is really just a crypto parlor trick,” and advised instead to avoid “shaky offshore exchanges run by juvenile tweakers” and self-custody their own assets

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May 26, 2025

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According to Saylor, the lesson learned from the failures of FTX and Mt. Gox was not that the missing proof of reserves is bad, but rather not to do business with “shaky offshore exchanges run by juvenile tweakers.”
"Publishing a simple wallet that you can track is really just a crypto parlor trick. I get why people like it, and it's interesting if you have an exchange," he added. "But let me tell you the real lesson you should learn from FTX and Mt. Gox is, don't do business with shaky offshore exchanges run by juvenile tweakers. If you're a crypto person, hold your own crypto."

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Week 22 of 2025
05/26/2025

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Crypto news

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