People have lost Bitcoin and other cryptocurrencies from the failure of FTX and other exchanges. This is evidence that

		The blockchain is not very secure and is easily hacked.
		Exchanges are well monitored by the government so crypto exchanges are secure places to hold your cryptocurrency.
		When you buy cryptocurrency on an exchange, you don't actually own the cryptocurrency, the exchange does.
		Buying crypto and holding it on an exchange is a safe and easy way to get involved in cryptocurrency.