well that by your logic applies to ALL exchanges given whatever a "shitcoin exchange" can be defined as.
It's safe to say that every single exchange will eventually get hacked. Most of them already were, probably many more times than they'd report it publicly if the losses weren't that great.
Very few could grade above it's level in terms of transparency.
What do you mean here? Let's be honest, no centralized, closed source exchange could ever be really transparent at all.
Even some basic transparency would imply knowing how much coins were in hot and cold wallets. But exchanges don't even share that. And realistically, how could they had all those coins in hot wallets AND let the system withdraw it automatically (if that wasn't circumvented)? After all these years and so many hacks that's just either utter stupidity or a cover.
Many crypto services and tools were ended in the last few months, it's not impossible this is how they wanted to get out. Though we'll never know for sure.