My boss himself, I love reading from you, as you always go into full details on the topic of discussion.
The idea that cryptocurrency holdings could be lost in bankruptcy proceedings is troubling enough, but centralized exchanges seem to gain greater heights amidst this setback.
I think the reason why many people are still holding on to centralized exchanges is because they do not know about this potential consequence of using centralized exchanges; however, another explanation could stem from the fact that centralized exchanges offer more convenience than decentralized alternatives.

This is a term which is used in our daily lives whenever an individual has borrowed much funds from the bank that he would not be able to return them in the particular timeframe

Very correct here friend. Therefore, when considering filing for bankruptcy, it is important to check with the exchange and determine whether or not the crypto held on their platform would be returned. In some cases, the exchange may require a court order before releasing funds.

Thanks for sharing friend, and goodluck in this contest. #steem-on.

I will appreciate if you equally engage on Mine