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.
Yeah, this is exactly why "not your keys, not your coins" is still the golden rule when it comes to investment like this, you shouldn't leave a huge amount of money in some CEX 'cause recently there are a lot of problem occurs on those CEX. Having big funds on exchanges, particularly those that are regulated stringently, is inviting trouble. Governments are cracking down on crypto, and asset freezes will likely become more frequent. Hardware wallets are best suited for long-term storage, and non-custodial wallets with good security for everyday use are also great. Ultimately, if you don't have control of your crypto, someone else does.