Crypto’s FTX Moment Shows Danger of Centralized Finance With No Central Bank

Well ok. I'm all ears. Tell me.

 

"Our banks" do not transfer our money out of their control and over to some unregulated third party.

 

Yes, but they do lend it. FTX lent client assets. I get that FTX pushed their luck massively. A crypto exchange should hold all crypto in client accounts. And just hold it.

 

I have 0 crypto assets in FTX com, this is just fyi for others

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