Pretty much every centralized exchange has words to the same effect buried somewhere in their legal documents. The fact is that as soon as you deposit your coins to any centralized exchange, they do not belong to you and the exchange can do anything they like with them, including simply keeping them for themselves. It happens all the time, but everyone thinks "Well, it won't happen to me", right up until it does and they lose all their money.
After reading this post. I checked the user agreement of the most trusted (?) Exchange that I use as well. It's Binance. I use this platform to trade with my locals because I do not have other options to trade with locals. I checked Binance and Kucoin user agreements they literally said they can terminate your account and seize your fund for any reason without giving you any explanation. Also, they won't give any explanation to a third parties including the law firms as they already have the rights because you accepted the terms and conditions when you signed up.
I didn't know about those platforms. I would like to create a separate thread regarding this issue and I will dig a few more popular exchanges user agreements and gather them all together. Would you mind if I quote your old post about Celsius, Voyager and BlockFi?
all their users are shocked that they were engaging in the exact behavior they said they were engaging in because none of the users had bothered to read the terms.
This is the mistake we do as users. I myself never bothered to check full terms and conditions before I sign up. That's sick.