cryptosecurity

In crypto, we often repeat the phrase “not your keys, not your coins.” It’s a powerful reminder to take control of your assets. But as crypto analyst @Pix🔎 recently pointed out, there’s a quieter risk most people ignore:
👉 If only you have the keys and something happens to you, your crypto could be lost forever.
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A Real and Growing Problem
This isn’t just a theory. Blockchain data firms like @chainalysis and @Glassnode estimate that 2.3–4 million BTC (around 11–18% of all Bitcoin) are already permanently lost.
That’s hundreds of billions of dollars gone — often because:
Seed phrases were forgotten
Hardware wallets were damaged
Owners passed away without sharing access
Once keys are lost, there is no recovery.
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Real-World Wake-Up Call
One famous example is @quadrigax . In 2018, its CEO Gerald Cotten died unexpectedly, and access to wallets holding about $250 million was lost.
Although this was a custodial exchange (and later revealed fraud), it showed how single-person access can end in disaster.
With true self-custody, the risk can be even higher.
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Why Self-Custody Makes Inheritance Hard
Self-custody is great for control and security:
No exchange risk
No account freezes
No middlemen
But it also means:
No “forgot password” option
No automatic inheritance like banks
No keys = no coins
If you don’t plan ahead:
Your family may never know the crypto exists
Even if they do, they can’t access it
As crypto adoption grows, this could lock away trillions in value over time.
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Simple Ways to Protect Your Crypto Legacy
You don’t have to sacrifice security to plan ahead. Here are practical options:
1. Multi-Signature (Multisig) Wallets
Setups like 2-of-3 keys:
One key with youOne with a trusted family memberOne as a secure backup
This keeps control during your life and allows access if something happens.
2. Dead Man’s Switch
Systems that release access after long inactivity (for example, 6–12 months without check-ins).
3. Secure Sharing of Recovery Info
Split seed phrases (Shamir’s Secret Sharing)Encrypted instructions with a lawyerSafe deposit boxes
4. Collaborative Custody Services
Platforms like Unchained and Casa offer inheritance-friendly custody without full third-party control.
📌 Always combine technical tools with legal documents, like a will that clearly mentions digital assets.
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Final Thoughts
Self-custody is empowering — but it comes with responsibility.
As the warning goes:
“Only your keys, only your coins… until they become no one’s.”
If you hold meaningful crypto, now is the time to think about inheritance and succession planning. A little preparation today can protect your family tomorrow.
What’s your view on crypto inheritance planning?
Share your thoughts below 👇
Posted on Binance Square — Stay informed, trade smart.
#CryptoSecurity #SelfCustody #BitcoinEducation #CryptoInheritance #Web3Awareness

A new security alert has shaken the DeFi world. On December 17, 2025, cybersecurity firm SlowMist reported suspicious activity on the Futureswap platform, involving a manipulated governance vote. The exploit allegedly used flash loans to illegitimately pass a proposal that allowed unauthorized token transfers.

Flash Loans Used to Hijack Governance
According to SlowMist, attackers manipulated a governance proposal by temporarily acquiring massive voting power through flash loans. This enabled them to pass changes giving them control over token transfers, bypassing legitimate community consensus.
This highlights a critical weakness in decentralized governance models — the ease with which voting mechanisms can be distorted through financial engineering.

Silence From Futureswap Fuels Community Concerns
Futureswap has yet to issue an official statement, and no security patches or rollback mechanisms have been announced. This silence leaves users and investors in the dark about the risks and future response, deepening uncertainty within the community.

Market Impact: Loss of Trust and Historical Parallels
The fallout has rippled across similar projects. According to CoinMarketCap, Freestyle Classic (FST) — a token previously impacted by governance exploits — dropped to $0.04, reflecting a 44.66% decline over 60 days. Its 24-hour trading volume also fell by 37.83%, signaling growing investor mistrust.

DeFi Needs Stronger Governance Frameworks
Analysts from Coincu Research warn that the lack of formal regulation in the DeFi space remains a major vulnerability. Their findings indicate that weak security protocols could open the door to more governance-based attacks in the future.
The event has reignited calls for strengthened DAO governance models, including safeguards against flash loan exploits and better vetting of proposals before votes are finalized.

Staying safe in DeFi requires:
Monitoring governance proposals carefullyWatching for suspicious wallet activityUsing platforms with transparent voting systems and flash loan defenses

#DEF , #CryptoSecurity , #CryptoNews , #Web3 , #blockchain

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“