TechFlow news — On September 20, according to Cointelegraph, Ian Rogers, Chief Experience Officer at hardware wallet manufacturer Ledger, emphasized the importance of maintaining security awareness during bull market cycles in an interview at the Token2049 conference in Singapore. Rogers stated, "During every bull cycle, people always come up with seemingly reasonable justifications to compromise on security or self-custody." He specifically noted that during periods of rapid market expansion, many cryptocurrency holders tend to store their assets on centralized exchanges rather than opting for self-custody.
In response, Rogers stressed, "If you're not doing self-custody, then what's the point of choosing cryptocurrency in the first place?" He warned investors against over-relying on centralized exchanges, especially during market downturns, citing the now-defunct cryptocurrency exchange FTX as a prime example. "All they did was hand their money over to someone in the Bahamas who added a line to a spreadsheet. That’s not cryptocurrency—that’s fraud."
Beyond the cryptocurrency space, Rogers also pointed out a rising global trend in cybercrime. He predicted, "From now on, you’ll be able to say every year that this is the worst year for cybercrime—and you’ll be right every time." To counter this increasingly severe threat, Rogers recommended using hardware-based solutions and clear signing technology to enable secure self-custody of digital assets, ensuring users fully understand the transactions they are authorizing.
