but that can't just make us stop using it instead we should be more cautious on the centralise exchange we use and since the whole issues happened , Government are going to strengthen the regulation of centralise and there will be more transparency from the exchange to their customers, especially with regards to custody of customers assets and proof of reserves .
Before you talk about government regulation making exchanges more transparent,Let's look at what centralized government is and then reference it to a centralized exchange. When you say something is centralized, it simply means there are a few authorities who have power over everything (minority), they make decisions without minding what the people will think, they always view and teach their decisions as the best, bringing this to centralized exchanges, they take control over users' assets and privacy, and they make decisions when ever they want to with their hidden terms and conditions (T&C) that almost 80% of users don't have time to read, which gives them the right to do what they want, when they want, with their hidden terms and With or without the intervention of government over centralized exchanges, centralized exchanges will always be what they are. All that we need them for is to trade our assets, and when we are done buying or exchanging any crypto that we intend to hold, it should be moved to a non-custodial wallet, either a hardware wallet or anyone at the users' reach.