Too Long; Didn't Read
Crypto-Exchanges are your gateway to buying your first cryptocurrency and are the watering hole of crypto-veterans as well, for them to trade their sats and alts all day (and night) The sheer volume of money through these crypto-exchanges makes it a very attractive target for hackers. Hackers target the "hot" wallets where the cryptocurrency stays for a short duration of time. This translates into lower liquidity, slower transaction times, and everybody knows that people will sacrifice security at the alter of making a quick buck.