Right. An exchange that was holding 32 million in Defi100 tokens went tits up in May and the owners of the exchange disappeared leaving a note on the webpage telling the scammed to go &^@# themselves. People either don't care that these exchanges aren't regulated, haven't learned, or both. You can be quite assured your coins on Coinbase or Coinsmart are safe although the safest thing you can do is put them in your own wallet.
Then you have Kim K. promoting a $&!#coin called Ethereum Max which has absolutely nothing to do with Ethereum.
Then you have Elon who sways the entire market with tweets and talk show appearances. First Telsa is accepting BTC, then it's not accepting BTC, now it's accepting BTC again.
None of this is obviously good for a practical adoption of crypto going forward.