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.
Your savings, if expressed in bitcoins, remained the same. And if you choose to look at the fiat value of your holdings, then you understand that this is only possible when there are ways to exchange btc to fiat, i.e. exchanges.
So I don't get why would you act surprised if events like the collapse of one of the major exchanges have an effect on Bitcoin's price.
And I wouldn't compare Binance to FTX. Unlike FTX, who were a bunch of scammers with no trace of any moral spine, Binance has a very good track record and so far they acted very professionally, and despite being hacked a few times, no customer has lost any money.