...Don't forget what happened with Terra, UST and LUNA with massive inflationary minting from Do Kwon, then dumping it on Binance. Their audits team must do their jobs better, it's unacceptable that their audits team did not detect massive minting from Terra and their deposits to Binance. It's simple algorithm for detection when deposit amount is massively bigger than what is known as total supply of these tokens before the scam minting wave...
Of course, the risks in everything are always great, and in the crypto market they are even higher. However, the use of centralized exchanges significantly reduces such risks for newcomers. And if we specifically talk about honeypot, which is actually what the thread is dedicated to, then such risks are completely excluded at CEX.