How To Save Yourself From the Collapse of Exchanges and Crypto Companies

[Nomad]

Celsius Network was marketed as a crypto bank, where users could earn interest on their deposits as well as get a loan against their crypto collateral. However, the company declared bankruptcy, leaving investors with significant losses. Likewise, FTX was once the world’s third-largest crypto exchange, but it collapsed due to mismanagement and fraudulent activities by the owner resulting in the loss of billions of dollars of investors’ money. These cases show how vulnerable investors can be in the hands of crypto exchanges and companies. How can one save themselves in the even of crypto exchanges and companies collapsing?