Exchanges collapsing, going bankrupt or getting hacked is nothing new in the crypto industry, and anyone who lost fate because sbf ran ftx to the ground and into bankruptcy is probably new to the industry. However, nothing much changes now that ftx is repaying their creditors, it is good for the creditors but it does not mean people should trust centralized exchanges or custodial services with their funds, the only safe place to store your funds is in your self custodial wallet.