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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by JumpCrisscross on Saturday November 12, 2022 @02:07AM (#33570814)
> exchanges are the one centralized part of crypto

Crypto is immensely more centralised than the American banking system. That’s what makes it resilient. Every wallet’s state is always globally known. Compare that with the series of subpoenas one must serve to learn what’s in whose bank account.

Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by pksebben on Saturday November 12, 2022 @04:43AM (#33571616)
I believe 'centralization' here refers to centralized control. The ledger is distributed anyhow, so not very central.