> An exchange shouldn't count deposited crypto as their asset. It is an asset of their customer. Exactly. A brokerage firm doesn't own your stocks, so if it go

> An exchange shouldn't count deposited crypto as their asset. It is an asset of their customer. Exactly. A brokerage firm doesn't own your stocks, so if it goes bankrupt you can still recover what is yours. FTX pretended to be that, but they just plain lied.