Looking back in history since Bitcoin was created back in 2009
There were a lot of different exchanges like
- FTX, November 2022. Bankruptcy Type.
Three Arrows Capital, July 2022. Bankruptcy Type.
BlockFi, November 2022. Bankruptcy Type.
Core Scientific, December 2022. Bankruptcy Type.
Voyager Digital, July 2022. Bankruptcy Type.
Celsius, June 2022.
Babel Finance, June 2022.
Hodlnaut, August 2022.
Cryptopia ,
Bittrex ,
It happen with all and it can happen with Current ones
e.g the last one KuCoin like 7 Days ago two of its founders were charged with violating anti-money laundering laws by U.S.
Be smart and keep your assets SAFE always use a Cold Wallet Your Keys Your Coins Does this concern you ?
I just hope many people woukd be aware of the risk that is involved in using centralized exchanges especially when they keep all their assets in the exchange without splitting it so in case of anything that could happen. It is better we learn from other people's mistakes and don't do something that is going to have bigger effect on us. Keeping money on an exchange is not bad but we all need to be wise and don it appropriately. We can keep like 40% of our cryptocurrency portfolio on an exchange while the rest can be in the wallet.