> The whole thing is quite messy – much like the whole crypto ecosystem, which is supposed to be open and transparent but is more opaque than a dog with glaucom

> The whole thing is quite messy – much like the whole crypto ecosystem, which is supposed to be open and transparent but is more opaque than a dog with glaucoma. Centralized exchanges are NOT crypto. They often don't even use crypto - just fabricated records in their databases with no crypto backing whatsoever, like FTX.