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There was nothing decentralized about FTX. It was just a centralized exchange in the Bahamas that happened to trade crypto around. The whole point of defi is t
by DennisP 4y ago
There was nothing decentralized about FTX. It was just a centralized exchange in the Bahamas that happened to trade crypto around.
The whole point of defi is to build systems where nobody can do what FTX did. Uniswap for example doesn't even have admin functions. Nobody can move your funds on Uniswap besides you.