I mean, being the custodian of funds actually costs money, one should wonder about the motives of the exchanges offering custody for the funds. There are many

I mean, being the custodian of funds actually costs money, one should wonder about the motives of the exchanges offering custody for the funds. There are many banks in europe that will not open accounts for people who just moged there, unless they bring along plenty of money. This simply means that having your coins on an exchange is the same a forfeiting them unless otherwise proven. But the crypto exchanges double down on that, they speculate like the banks do, but with zero risk managment and oversight, the biggest accounting firms do not want to offer their services to them. They have also leveled up their exit strategies, instead of the plain old run away, they run the business while they can extract money and then later they seek legal cover under the umbrella of bankruptcy laws.