Attack of the Centralised Exchanges! 🔫
After the explosion of the #FTX Centralised Exchange and the conviction of SBF, it is clear that the authorities and the media are knuckling down on all of the leading #crypto exchanges in the industry.
After the explosion of the #FTX Centralised Exchange and the conviction of SBF, it is clear that the authorities and the media are knuckling down on all of the leading #crypto exchanges in the industry.
2- Right after the #FTX & $FTT crash, there was a lot of FUD surround @cryptocom and their CEO, @Kris. It turned out that the bad rumours surrounding #cryptocom were false and the tide turned towards #Binance and their CEO, @CZ_Binance.
3- It almost seems as if it was a planned attack amongst the top exchanges. #SBF definitely deserves to be prosecuted and banished from the world of #Web3. However, who's orchestrating these attacks against #Binance and #Cryptocom?
4- Could it be the centralised authorities like the SEC making these attacks?
Centralised Exchanges are now releasing their Proof-of-Reserves which provides evidence of assets held and in hand provides integrity.
Centralised Exchanges are now releasing their Proof-of-Reserves which provides evidence of assets held and in hand provides integrity.
5- #Crypto is getting hammered by regulators, but the answer is still clear, WE NEED DECENTRALISATION!
However, we still need a gateway and that is generally through a #CEX.
However, we still need a gateway and that is generally through a #CEX.
6- We need companies like #Binance, #ByBit and #Cryptocom that are fighting the relentless powers of the centralised authorities.
The moral of the story is, don't believe all the FUD you hear and DYOR.
The moral of the story is, don't believe all the FUD you hear and DYOR.
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