Does anyone know the date for the "Not Your Keys, Not Your Coins" withdrawel of crypto from all exchanges? I seem to remember this being a thing. Once a year everyone withdrew all their crypto off the exchanges to prove that the exchanges were being honest or if they weren't to rat them out.
The idea was for as many people as possible to withdraw their coins from centralized exchanges to prove if they are solvent or not. Of course, only some people would do that and take part in the Proof of Keys day. But not everyone would be interested.
As a Bitcoin enthusiast, we shouldn't put our crypto in a 3rd party exchange as we don't have total control.
If you must use a centralized exchange, then use it only to swap between the assets you need. After that, withdraw your coins to a non custodial wallet. Exchanges shouldn't be used as wallets. That's what beginners don't realize and it can cause serious problems.