Quote from: Obito on Today at 06:42:21 AM

Much as like to believe you, most of my crypto is staked so I don't really have any choice but to use exchanges to store my crypto, it's not like they're going to steal everything and most of them are too obsessed with reputation that they're frantic and paranoid of their security and taking care of my coins, maybe this would be a big deal if I have aroun a 1000 bitcoins but no, I only have a fraction so it don't matter to me if they steal my meager stash.

In general, we should not deposit and store too much money on centralized exchanges. But if you want to make profits like staking or trading, you have no choice but to use them. And not all will be scams or will fail like FTX and Mt.gox. For example, Coinbase was founded in 2012 and is still doing well to this day, so not every exchange is going down.