and I don't think they can go bankrupt that easy, unless they do it on purpose.
They were very recently caught out by the bear market and had to lay off 20% of their workforce in order to cut costs. If a company which has been involved in bitcoin for years is not prepared for the price of bitcoin to be volatile, then I wonder what else they are not prepared for.But there are people leaving funds on 3 tier no name exchanges because they don't know how and don't want to know how to do self custody.
But the likes of FTX and BlockFi were not tier 3 no name exchanges. These were some of the biggest exchanges and biggest platforms in crypto, which is exactly the justification many are using for the fact that they still have coins on the likes of Coinbase or Binance. "Oh, *insert chosen exchange here* is different. It's well regulated/fully backed up/insured/too big to fail/some other meaningless platitude." Are your coins on any centralized exchange? Then start working on the assumption that you own nothing, because there is a very high chance that that will very soon be true unless you withdraw them.Well IMO as I said, because they have been taught that you leave your cash in the bank and your stocks in the brokerage so why not leave your coins on an exchange.
As I was just saying in another thread, it's a triumph of centralized exchanges' marketing departments that they have convinced people that they are too stupid to write down 12 words on a piece of paper. 
