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Isn't this the whole point of using BTC, to be our own bank and protect our own funds. Regulate custodial services all you like, and it still wouldn't be a recommended option to store coins.
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Absolutely agree. Crypto was built on the idea of self-custody and owning your money—but the truth is, even smart and experienced users often choose centralized platforms for convenience, easier trading, or to stay compliant.

So it’s not just about people lacking technical skills. Sometimes, they know the risks but still use custodians because it’s just simpler or more practical. That’s why these platforms need stricter security rules and regular audits.

We can’t expect every user to be perfectly cautious all the time. As crypto grows, we need to share the responsibility—between users, exchanges, and regulators—to avoid disasters like the Bybit and Cetus losses.

Self-custody is still the goal. But until managing keys becomes easier for everyone, we need better safety nets around the tools people actually use.