After the Binance incident, how safe is it really to keep assets on exchanges?

Simply heard concerning the massive incident at Binance not way back. The quantity concerned was large and it brought on quite a stir.

As someone nonetheless studying about blockchain, I’m curious:

1.Why do you assume an change as massive as Binance might still get hit?

2.What’s the actual difference in danger between protecting belongings on an change vs self-custody?

3.After one thing like this, are you more cautious now or nonetheless snug using huge exchanges?

On the lookout for trustworthy opinions, not hype.

Thanks.

CMIIW.