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Anchorage Digital CEO Diogo Monica has recently commented about the risks associated with self-custody after the bankruptcy of banking giant Prime Trust. According to Monica, while self-custody brings with it its own set of advantages, such as avoiding a third-party and having complete control and oversight of one’s own assets, it also poses many risks. Monica believes that there is ‘widespread’ risks associated with self-custody, and highlights the recent bankruptcy of Prime Trust as an example. Prime Trust was the largest custodian of digital assets, and its demise left many customers without recourse when they lost access to their assets. Monica notes that it’s important for users to understand the risks associated with self-custody and carefully consider whether it is the right option for them. He believes that institutions should be wary of becoming responsible for the assets of their customers and should focus on the expertise that comes with self-custody while steering clear of the associated risks.