South Korea’s Bitmax Denies Bitcoin Sale Rumors Amid Ongoing Trading Halt
The company’s chief executive said Bitmax uses distributed custody (asset storage across multiple locations) for security, while financial deterioration and trading suspensions remain in focus.
BTC
Summary
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Terms & Concepts
Distributed custody: A crypto asset storage method that spreads control or storage across multiple locations or entities to reduce single-point-of-failure risk.
Bitcoin holdings: The amount of Bitcoin a company or investor owns directly on its balance sheet or in custody.