This subreddit has been riddled with warning after warning and yet people are still shocked, somehow, when a large exchange or stablecoin goes belly up and their funds are locked or liquidated.
In terms of stablecoins failing, cant do much about that.
In terms of where you keep your decentralized currency, that is absolutely your choice.
So before any other exchange falls, understand that by not moving your coins and allowing a centralized company to "hold" them for you, you are consciously accepting the potential loss of said currency.
I know that we all heard about this, but I wanted to leave a reminder of whats possible... An excerpt From Coinbases own quarterly report that ended March 31, 2022.
This is NOT a "be careful with Coinbase" post, its a "be careful with ANY centralized exchange" post. I only mention Coinbase because its big but it is not too big to fail.
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