This has been the funniest not your key not your coin story I have ever heard. It is about an Indian exchange Mudrex that stopped crypto withdrawal and told people that withdrawal will resume on the 28th of January. That is 2 weeks and 3 days before their customers can be able to withdraw their money. That will also be if nothing has happened to the exchange.
But someone told people should convert their coins to Indian rupee and withdraw Indian rupee. I do not know if Indians that are using the exchange will be able to withdraw to fiat.
https://cointelegraph.com/news/indian-crypto-exchange-mudrex-halts-crypto-withdrawals Those who keep their coins in a custodial wallet may be foolish because that wallet is controlled by a third party. So no matter how safe you think it is to keep your coins there, they will not actually be safe. By custodial wallet we mean different types of exchanges like Binance, Coin and many more. Since it is said that your keys are not your coins, we should use wallets that are only under our control. We should use exchanges to conduct bitcoin transactions and use noncustodial wallets to securely store bitcoins and other cryptocurrencies. We heard a similar news a few days ago where a person lost 100 bitcoins after losing his wallet seed phrase.