Thank you for providing an explanation of Kucoin's security system, this is new information for me and might convince other members to trade on Kucoin. No matter how sophisticated the security that exchanges have, there is no 100% guarantee that it will be safe, even Binance has been hacked. That's why I only store coins on exchanges for trading, while most of the coins I have are stored in hardware wallets.
Now some of the coins that I hold have dropped in price, because suddenly the price of Bitcoin fell quite deep and caused the price of altcoins to fall too. But I don't panic, because I believe the market will recover soon, we just need to be patient in the current situation.
If you check the security breach that kucoin ever had, the history behind it, you would realize that it has very good security. The fact that we haven't heard them get hacked ever is the reason why everyone should trust them let alone what I talked about. I agree that no place is ever 100% safe, hell even if not hacked, one day people with guns could go attack their main building and steal a lot of money by force, how can you stop that?
This is why I agree that everyone should have a hardware wallet (I like ledger nano but safepal seems good too but a new one), it is certainly a smarter way to store your coins in a time where exchanges gets hacked like candy.