Quote:
Originally Posted by helmuc
I would argue that dishonest exchanges are one of the largest threats there is out there :/
.. we recently were scammed by a new Dutch exchange, then German StakeCube announced that they have been using client funds and are insolvent, and another Indian exchange was robbed from inside...
.. then ftx :/ ...
a bank without a single reference to a legal entity? what a joke :/
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this is all on blockchain, that is the benefit of decentralized finance. there is no individual or organization with whom you are placing your trust, it does not require the goodwill of a legal entity or a government for the code to function as programmed.
I wouldn't keep anything significant in a centralized exchange either, that defeats the purpose of crypto. "not your keys, not your crypto"
over 100k BUSD deposits today so far:
https://dune.com/dedalus/elephant-money-futures