BitMart incident — a reminder to everyone: exchanges are not banks.

Recently, BitMart released an announcement saying it will orderly suspend platform operations and arrange the handling of users’ assets going forward.
But beyond the announcement, the community has seen many user reports:
Some users say withdrawals are delayed, and in some cases they can’t complete withdrawals. Others report that small withdrawals can be processed, while large withdrawals are still pending.
At the moment, these situations still need official clarification. But regardless of the outcome, this is something all crypto users should reflect on.
Many people are used to saying:
“The exchange is big, so your funds are safe.”
But history has repeatedly proven:
An exchange ≠ a wallet.
Account balances ≠ absolute ownership of assets.
Whether it’s a large platform or a small one, if your assets are kept in a centralized exchange for a long time, there are always risks related to the platform’s operations, risk control, regulation, and more.
My principle has always been pretty simple:
Keep trading funds on the exchange;
Keep long-term assets under your own control as much as possible.
Don’t wait until the platform has problems before remembering to withdraw.