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 involved was large and it triggered fairly a stir.

As somebody nonetheless learning 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 holding belongings on an change vs self-custody?

3.After one thing like this, are you more careful now or still snug utilizing huge exchanges?

On the lookout for trustworthy opinions, not hype.

Thanks.

CMIIW.