An expert recommends the transfer of digital assets to the decentralized portfolio

In a sudden penetration incident, pirates managed to reach the famous digital currency trading platform, and withdraw the equivalent of $ 1.4 billion of Ethereum, which sparked widespread concern among investors in the digital market, highlighting the increasing risks facing users on the central platforms .
Commenting on this, the Balochi deputies, an expert in digital currencies and chairman of the Bitcoineen Board of Directors, explained that trading platforms, no matter how large or reliable, remain vulnerable to breakthroughs and electronic attacks. Al -Balushi stressed the need for investors to take more keen steps to protect their digital assets, noting that the best way to ensure safety is the transfer of digital currencies from central platforms to decentralized portfolios.
He pointed out that these incidents constitute a warning to investors the importance of enhancing safety procedures, stressing that the transfer of assets to the Cold Wallet gives investors full control of their money and reduces the possibility of their breaches. The recent penetration resulted in a decrease in the value of ethereum by 6%, which reflects the impact of the accident on the confidence of the investors, and the data showed a significant increase in currency withdrawal operations from the central platforms after the accident, in a clear expression of concerns about safety.
Al -Balushi explained that these incidents highlight the fragility of some central platforms, which puts new challenges for the digital currency industry, stressing the importance of strengthening the security infrastructure of these platforms to ensure the restoration of trust between investors. He added: “Central platforms are not new, but their continuation may hinder the adoption of digital currencies on a broader scale, especially by major financial institutions,” stressing at the same time that the market will continue to adapt to these challenges, and with the development of safety technologies, the ability to protect will increase Digital assets.
Al -Balushi expected that competition between digital platforms to improve safety measures will escalate, which will enhance the security structure of the industry in general, and thus contribute to raising the level of confidence among users.