Every day it seems a new story emerges about an exchange going bankrupt. Has been a recurring pattern since the Mt. Gox collapse. Why, with so many examples of failures, do people continue to keep their money on these?
Yep, there will be always news of a bankrupt exchange, it is ideally a warning for everyone to keep their coins in private wallets (
not in the exchange wallets). However, not every individual who has crypto coins really understands and realizes the risks. Some of them may be beginners, others may be lazy to move their coins to private wallets because of the transfer fees. And some people may think that even if there is a problem with the exchange, as long as it is a trusted exchange like Binance, they will refund the customers' assets. These people will always consider putting their coins in exchange wallets, so the news of bankrupt exchanges won't work on them.