Crypto Exchange Regulatory Risks: Is It Time to Diversify Your Portfolio?

[JoyMarsha]

---
Although most of my funds are currently in Bitget, which I believe has a clean record, I'm still worried about the potential risks. Who knows what might happen tomorrow? Should I consider consolidating all my assets into one exchange to be on the safer side? I don't want to risk waking up one day to find that the government has frozen all assets due to the exchange owner's negligence or wrongdoing.

Now you're acting like you're a bit bias with this. Yes, the thing with Binance and Kucoin might've affected their reputation, but I don't think that the amount of their customers using their services decreased by a lot. I said that you're a bit bias because you believe that "Bitget has a clean record", but you don't even know if they're doing bad things secretly, and it's just that, nobody has saw it happening until now. Who knows.

Just put all of your asset in one HARDWARE WALLET and not on one exchange. Putting it all on one exchange doesn't change the risk since these exchanges can get hacked. I guess I'm lucky that I didn't experience assets being froze on different exchanges, and I hope it will not happen, but I don't know what to do just in case that happen that's why I don't store it on the exchanges.

I wasn't biased because i have not seen the exchange i mentioned in any Shaddy situation, although no one is perfect if we see something that is not good enough it is good to always call it out.

No exchange has clean records, as you thought. The government hasn't come after Bitget doesn't make them clean than Binance and Kucoin the government always accused of shading deals.

I guess the government hasn't thought of coming after Bitget for once because if they do, they must find something to crucify them on, to collect millions of dollars from them. It's just a matter of time. Bitget can't stay clean forever