Quote from: Agbe on Today at 06:59:52 PM

Quote from: countryfree on June 05, 2023, 06:47:44 PM

6 months ago, my savings went down because of the FTX debacle. I've never used FTX, I've never been a customer of this company, but my savings are in BTC, and because of that failure, BTC's value went down, and so went my savings.
Today, bis repetita. I've never used Binance. I've never been a customer of this company, but because the SEC sues Binance, BTC is down, and so are my savings, so I have a message to all bitcoiners out there.
Exchanges and BTC are 2 different things. One exchange going down doesn't mean BTC must follow.
Binance will disappear? I don't give a damn.

In these days exchange is having traffic because of the calamity that happened recently on the transaction fee. Even in the forum we discovered that most of the campaign participants sent their exchange wallet address to managers to change the bitcoin wallet addresses. So with that many people are still using their exchange addresses for trading and other transaction activities.
Yes I will also agree with that keeping funds I'm exchange is at the owners' risk. Now that Binance is under a law suit and we don't know what will happen, so it is better the operators of the said exchange should not keep funds there for a long period.

It is generally considered risky to keep funds on an exchange for an extended period of time. Another layer of uncertainty has been added to the situation by the SEC's recent lawsuit against Binance. Taking appropriate steps to protect your funds is recommended for exchange operators and users alike.

When trading or engaging in transaction activities on an exchange, it's important to stay up-to-date on the latest legal developments, security practices, and regulatory compliance of the exchange. Using a hardware wallet for long-term storage can help you diversify your holdings while maintaining control over your funds.