this is the point, it's a bit shallow to think KYC is a guarantee of anything...
FTX case should make it clear for everyone.
being cautious like you said is one of the best ways
I think it's a good idea to avoid putting a big amount of your net worth in one protocol only.
that's a way to mitigate risk too
This is true, License or having KYC doesn’t guaranteed safety of the casino since scam casino is already leveling up their scheme and already investing on license to have a perfect cover to attract customer.
Having a long years of flawless or smooth operation without any major scam accusation is enough criteria for me to determine the safety of a casino. Roobet for example has a very strong marketing presence here and good customer experience that shows how trusted they are right now compared when we are looking on their license alone.
until this days I still get impressed by scammers choosing the fast route even though much more risky instead of doing good business and earning much more in the longterm
the FTX case is a clear one where they would make profits never seen before in the long run, had it all in their hands and still blew it
interestingly enough we don't see so much of that happening in big casinos
at least that we end up knowing about it