This is untrue. The entire design of Bitcoin was never to have exchanges, to entirely be your own money's keeper. You would have to actually read the whitepaper, have talked to Satoshi and Hal Finney and paid attention to it's purpose. What you said was an opinion. Not your code/node instance, not your keys, not your money. Bitcoin was not designed to custody your money to a bank, it was designed __against__ doing just that. It is very unfortunate when something like this happens but it's very foolish to have more than 1-2 BTC in one privatekey. This guy should've gone through the painstaking process of putting one BTC, or even less, into 1400 privatekeys and new cold wallets.