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Anders Larsson: No safe solution for crypto fund storage as risks remain high

Anders Larsson: No safe solution for crypto fund storage as risks remain high
Crypto fund storage remains high risk

Anders Larsson highlights ongoing risks within the crypto sector, pointing to bankruptcy cases involving several major exchanges such as Mt Gox, Quadriga, Voyager, Celsius, BlockFi, and FTX.

Larsson also notes the collapse of notable DeFi solutions like LUNA and UST, as well as security incidents impacting cold wallets, including Coldcard. According to Larsson, there is currently no fully secure way to store crypto assets, and users face significant risk of losing funds. He emphasizes that the only possible mitigation is to seek returns that justify taking on these levels of risk.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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