Sigh... People will never learn...
"Not your keys, not your coins."
No matter if it is the biggest or the second biggest crypto exchange in the world, any exchange can go bankrupt, do stupid things (like bribing the democrats) or get hacked. If you hold your keys, nobody can do that with your funds.
The funny thing is, there will always be lots of people who will trust these exchanges and their actions will affect everybody.
YOU ARE RIGHT! I was also that stupid the fraud company localbitcoins.com have stolen me a huge amount of money. The female Scammer Avelina Tumas is the head of costumer service that just answer the victims we cant unlock your acount.
I learned from the scam of localbitcoins.com, so I keep only around $25,000 in my FTX account, and fore sure we will never get any money back. - If you are not an empolyee of FTX.
Interisting thing is that scammers like Avelina Tumas, Sara Leppänen, Vladislav Alimpiev or Sam Bankman-Fried never get arrestet.
Maybe it will happen to Sam Bankman-Fried because he initiate a huge scandal.