Amid recent events involving Binance, and considering the potential for a situation similar to FTX, it's essential to acknowledge that anything is possible. This post isn't meant to spread FUD about Binance but serves as a reminder about the scope and risks of centralized exchanges. CEXs are tailored for trading, not long-term asset storage. History teaches us that regardless of a protocol's size, it can cease activity and freeze assets (e.g., the biggest crypto bankruptcy - https://milkroad.com/bankruptcies). Our advice remains consistent: Keep assets in hot or cold wallets for security, and consider insuring them for an extra layer of protection. 👉 Explore our insurance products: checkdot.io/covers 👉 Post: https://twitter.com/Checkdot_proto/status/1727385264132084103?t=XbhY9-fN3iM03R-pDLXZoA&s=19