I feel like this is a new trend where exchanges are trying to make users feel like holding coins on their own devices is risky.
This and what CZ said about the 99% of people and self-custody are lies. I have an opposite claim. 99% of people who lost cryptocurrency are people who willingly sent it to a scammer, either an exchange, a cloud mining service, a bitcoin doubler or a fake mixer.
Your crypto is not safe in the hands of someone else!
Its just a sample of what banks did to us in the past now we are in the position of accepting what bank says but they're making money from our money whereas the customer looted in lot of ways like hidden fee, monthly/yearly charge, late payment fee, transfer fee, convenience fee and the list is endless.This and what CZ said about the 99% of people and self-custody are lies. I have an opposite claim. 99% of people who lost cryptocurrency are people who willingly sent it to a scammer, either an exchange, a cloud mining service, a bitcoin doubler or a fake mixer.
Your crypto is not safe in the hands of someone else!
The decentralized monetary system is really build to fight against this but on the go people forget the real vision and just focusing on the returns alone but especially the message mentioned in OP is sent to every users at the time of collapse to stop people from withdrawing and again they never afraid to lie to us.