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

Just heard concerning the huge incident at Binance not long ago. The quantity involved was big and it induced quite a stir.

As somebody nonetheless learning about blockchain, I’m curious:

1.Why do you assume an trade as huge as Binance might still get hit?

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

3.After one thing like this, are you extra cautious now or still snug utilizing massive exchanges?

On the lookout for trustworthy opinions, not hype.

Thanks.

CMIIW.