Binance Hack: Bitcoin Cash’s [BCH] Roger Ver asks people to not trust exchanges, hold money themselves

Even as Changpeng Zhao, the CEO of Binance, revealed the exchange platform’s plans to resume deposits and withdrawal services on Tuesday, the controversy surrounding the biggest cryptocurrency exchange has not cooled down. Crypto luminaries in the space like Anthony Pompliano, Tron’s Justin Sun and cybersecurity giant John McAfee had previously extended support to the digital exchange and applauded the CEO for his transparency following the security breach.

However, Bitcoin fork coin BCH proponent and CEO of Bitcoin.com, Roger Ver, urged people to hold the funds themselves and not to trust exchange platforms for their funds in a recent talk session. He said,

“People holding their own funds themselves in their own wallet just a way to go and unless you’re trading don’t leave your money on in exchange hold them yourself”

Ver also took the opportunity to praise Bitcoin.com’s wallet, stating that it is much safer than Binance and Coinbase accounts. Ver took a slight jibe at Binance and said that more the amount of funds in these “centralized banks or crypto institutions”, bigger is the target for a hacker to breach the platform. The CEO said that Binance was one of the biggest “targets in the world for hacking”.

The proponent also ridiculed CZ’s steps to pacify the situation, while also attacking CZ for going back on considering reorganization after several experts in the space pitched in. Ver’s words were,

“I think he fully didn’t understand what he was saying or he wouldn’t have said such things”

Ver went on to say that the BTC reorganization idea was a “disaster in making” adding that it undermined the whole confidence in the distributed system of the underlying blockchain technology. Ver also said that the idea was “not practical” in the first place.

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