Trusting a bank to look after your money has always been a difficult proposition. People like the idea that their money is kept safe and are always looking for a way to do it. Many people put money in the “safety” of the bank and found later that it had disappeared. This is why Banks are supposed to keep enough liquidity to reassure the depositors that their money is safe.

Some people have hidden the money at home, hidden so that thieves cannot find it, often in or under the mattress. This idea is good for inspiring treasure hunters looking for gold coins as people have also died without revealing where the money was hidden.

Recent crypto difficulties have mirrored those of the banks before regulation became standard. Celcius and FTL are examples of how keeping your money on a trading site can result in losing value. So not only does your crypto drop in value, the organisation holding it can lose it all for you.

Crypto writers have repeatedly said that you should store your crypto in a hardware wallet and keep it at home. If you have done this, then no-one can steal it from you.

Maybe you should just put your hardware wallet under your bed.