If you invest in exchange-based altcoins, the price of the coin usually really depends on the exchange platform and also the founder, such as what happened on the Binance exchange, if there was a hack on the exchange, the price of the BNB coin would also experience a significant drop in price, as well as when there is Other negative news related to this exchange, even though the Binannce exchange is an exchange that has developed greatly, investing with BNB coins also carries a risk of loss.
Yes, you are right. Basically, exchange-based tokens also have risks depending on the development of the exchange. We can see the case of the FTX exchange and most recently the Bitforex exchange which experienced problems and caused the value of exchange-based tokens to decrease significantly. But for me BNB has many advantages and they are the number 1 exchange in the world today.