It could be a good thing if that exchange has gone down.
More coins are lost which limits supply hence a price rise.
More coins are lost which limits supply hence a price rise.
Only a degen bitcoiner would look at the ruin of others as the silver lining to his own bag. Kuddos

'Free market in action' 'be your own bank' 'shoulda seen it coming' 'if you don't got your private keys' 'due diligence' etc.
Lots of people love to preach this until it happens to them.
I sympathise with anyone who loses anything. With BTC world as it is though, the risks are too high to be giving coins away unless someone can present a cast iron case.