Peter Todd: Do not store all crypto assets in a single location

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Hanna Syniavska

15.08.2026

Peter Todd: Do not store all crypto assets in a single location — Crypto storage diversification urged

Peter Todd advises against putting all cryptocurrency holdings in a single storage location, citing the risks associated with single points of failure.

He also warns that exchanges have poor security and that if a user's computer is compromised, their exchange account may be at risk as well.

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Todd previously reviewed BIP-110 code and found that BTC Core users remain unaffected without active attacks, cautioning that replay protection may be necessary for sellers (/news/market-voices/show/2938890-bip-110-code-review/). He also commented after the BIP 110 mining event that Ocean has been labeled a giant crypto conglomerate, noting the shift of control to larger players (/news/market-voices/show/2952457-ocean-crypto-conglomerate-bip110/). These observations highlight his ongoing focus on network security and centralization.

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