I think its an exit scam. He will not be able to sell coins without upsetting his following, because he sells and then announced it on his channels. This will be followed a major dump and his followers will lose significant value during this dump. Perfect cover up to liquidate his assets while covering his ass. No person seriously into crypto (especially with his amounts) does not keep it in a hardware wallet.
Back in my day when we made wallets on air-blocked computers, that had the single purpose of just generating wallets. Not sure if I would trust hardware wallets//online wallets in the same way. The other benefit to this is if you misplace a wallet, and find it years later it’s like finding cash in your dress pants you don’t really wear all the time.
Re: Cryptocurrency YouTuber Ian Balina hacked out of $2M during a livestream
#41I found some BTC change on a backup drive. Said change was now worth a few hundred dollars. Was neat!