Basing your security decisions on "it'll never happen to me" because there are billions of other users who will get burnt first is not a wise strategy either.
Why take the chance when there are so many other alternatives that let you own your vault or at least companies that still have some semblance of a support team.
Losing a decade of my Google Maps Timeline data even with backups enabled made me realise I may not be lucky enough to win the lottery but I am lucky enough for Google to pick little old me, hidden in the billions, to lose my data.