Fortunately for us, crypto regulations are getting stricter. So exchanges will think twice before "running away with the money". Both Mt Gox. and FTX customers are being compensated for their loss (reimbursement). Perhaps, Coinbase will do the same in case something bad happens in the long run?
Having more regulations and management from the government will help us minimize the risks when using CEX, but we should not be complacent that the government will always be on our side if an accident happens. Like banks, many customers are not protected by the government when banks lose their customers' money.
When the government intervenes, they probably won't run away with our money but it's horrible when they hold our assets for 10 years like MT.gox did. Mt.gox has compensated the victims after more than 10 years but I wonder how many people can wait and receive that money, and how they have lived for the past 10 years. So the best way is never to give our assets to any third party, it is best that we protect our assets ourselves.