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RE: An Australian Trader Had USD$430,000 of Crypto Confiscated by the United States Government On BTC-e: A Timely Reminder to Withdraw Your Funds From Exchanges, or Use the Openledger DEX.

Counterparty risk is a real pain in the butt. BitShares and the DEX are good alternatives but they just aren't user-friendly enough, imo. They need adoption and interfaces more like a typical exchange.

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I will take a slightly clunkier interface over the fear of losing my investment any day. That being said, you are right in that there is definitely room for improvement.