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A comment on FTX Tapped into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall. Parent comment

Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by pshc on Thursday November 10, 2022 @11:40PM (#33557366)
I think this one is actually possible, they have policy of letting loved ones into accounts.

Not guaranteed compared to putting the account and phone passwords in a will.

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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by TedDoesntTalk on Thursday November 10, 2022 @11:54PM (#33557434)
> they have policy for letting loved ones into accounts

Who has this policy? The blockchain??

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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by pshc on Friday November 11, 2022 @12:41AM (#33557664)
Apple
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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by stouset on Friday November 11, 2022 @12:50PM (#33564091)
Well now, sounds like you’ve just given centralized control to a third party. Guess your keys aren’t your keys after all.
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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by pshc on Friday November 11, 2022 @05:30PM (#33567746)
Keys are still safe in your phone. It’s an encrypted backup. Random Apple employees can’t get in there to the private key.

I’m not interested in goalkeeping both sides of the convenience-security spectrum. Keep your keys in a buried tin can if you want, or custody at an insured exchange if that’s your preference. I think installing say Rainbow Wallet is a fine choice.

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