FTX is looking like it is in a precarious situation. Reports arose which showed that FTX was artificially inflating its balance sheet with its own token which was being printed out of thin air. Binance heard about this so decided to liquidate all their holdings to protect themselves. This caused the token price to plummet, as well as the amount of token held in reserve on FTX to plummet. This his resulted in lots of users trying to withdraw their coins from FTX, and now FTX have been delaying and staggering withdrawals because they can't keep up. Looks like they are on the verge of a bank run and/or the verge of their token dumping to worthlessness.
If for some crazy reason you are still trusting these centralized platforms to hold your coins after the number which have collapsed in recent months, then time to get your coins off of FTX and in to your own wallets. Now. Best case scenario and this is all unfounded, then you have lost nothing by withdrawing your coins.
The recent meltdown of FTX has summed up why these big exchange is also prone to high risk and your entire networth could be gone in seconds with these situations coming up.They were holding the asset reserve in their native token FTT and after the CZ decided to sell his stake of 10% in FTX and he got paid off in FTT which he stated selling while the balance sheet got leaked which states they were maintaining reserve with 1:1 ratio in FTT only.People got panicked and started selling and FTT token wasn't able to match the reserve funds while withdrawal got stuck and rest is well known how the market reacted towards it viping billion dollars out of market.
So now there are these reports stating that SBF planning to flee to Dubai and what else do you expect them to do afterwards? They are under supervision but will people get their funds back? No so your thread clearly summaries why should we always avoid keeping funds over these exchanges as Not your keys,not your coins
Keep funds in your custody if you can always and don't trust these CEX...