https://www.youtube.com/watch?v=Df0_Q_CV4GMThe UK government is continuing its crack down on crypto. One guy had an account with £1.5 million in it frozen. I believe it was in a Coinbase wallet. Obviously this is going to increase during the next 12 months, and it emphasises the fact that you should keep your crypto in a secure wallet, and where you are the only person that knows the private key and the seed.
Based on what we see on the ecosystem and how rampant freezing of accounts are these days on exchanges storing your coins on exchanges and their wallet counterparts is totally out of the box. Infact aside from the risks of frozen accounts losing your funds to hackers is also a problem too.
I wouldn't blame exchanges too much. They are out there with the role aim of profit so they would literally make sure not to piss the government off hence these freezing occurrences.