As more cryptocurrency exchanges get put under the spotlight we'll have more politicians attempting to dramatically regulate cryptocurrency.
The Federal Reserve and international central banks don't like currencies that they do not control. They actively want to stifle innovation and competition. Cryptocurrencies are over a decade old already and now they have been targeted under the watchful eye of various different government bodies. There is an attack on crypto, and this attack on crypto is being expanded due to situations like the FTX collapse. The more reckless and careless these exchanges are, the more likely that politicians will feel emboldened to target and diminish the value of cryptocurrency as a viable alternative to regular fiat currency.
We are in tough times in the crypto scene, especially as the economic collapse of 2023 is about to come. People need to be extremely wary and get their funds out of centralized cryptocurrency exchanges. DeFi has revolutionized the game, DeFi pools are much better than relying on centralized exchanges but even those can bring issues. Put your faith and your funds into systems that YOU CAN TRUST. If you have a bit of doubt, take your intuition's advice.
Central Banks and their bought-out politicians are hungry to regulate crypto, and tax agencies, like the IRS in the USA, are hungry for their cut. Protect your wealth from these snakes, especially the snakes that run these corrupt centralized exchanges.