Do you know what is hiding behind Centralized exchanges User Agreement?

[ANSEL_2.0]

I don't choose my exchanges using their terms and users agreement, in short I don't like reading users agreement, if the exchange has good reputation and people don't complain about withdrawal issue then I am fine with a such exchange, users agreement is time wasting because the exchange is working like I wanted it to work.

[Potato Chips]

Honestly, I just skim this lol. I think people who have been using CEXes for a long time likely know what to expect. Further, large chunk of these user agreements are more or less the same across most centralized exchanges.

Some main points I could think of:

1. must not be under 18
2. not from any prohibited countries
3. most don't allow multiple accounts and letting other people use your account
4. most aren't fond of funds coming from gambling and mixers
5. you're responsible for the safety of your account
6. they can at anytime request further information from you
7. they can share your data including with third parties
8. if they deemed so, they can suspend/terminate your account
9. there will be clauses where the exchange would assume no liability on some circumstances that may or not be fair to you
10. they can at any time change the agreement without prior notice. Further usage of the platform most of the time is taken as agreement.

[Darker45]

Are these stipulations in the user agreement of centralized exchanges even hiding? I don't think so. This is very much open. This is essentially what centralized in centralized exchanges mean.

Is there anybody who is clueless about this? Is there anybody in the crypto space who hasn't heard of a single complaint relating to centralized exchanges? Is there anybody who isn't familiar with locked accounts or frozen funds or suspension of access or whatever?

Everybody should be aware that the moment one makes a deposit to a centralized exchange, it is possible that the fund is good as gone. That's why centralized exchanges, or any centralized platform for that matter, are always a risk.