FTX US’s wallets appear to be hacked, $600M leaving the exchange

Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by vkou on Saturday November 12, 2022 @04:15AM (#33571473)

> many in web3/crypto were advocating for.

If many people in this space are advocating for decentralized exchanges, how come everyone uses centralized ones?

If there's ever a time and place for voting with your wallet, this seems to be it, and the wallets are speaking loudly and clearly.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by zeroclip on Saturday November 12, 2022 @05:32AM (#33571843)

The wallets are speaking clearly, DeFi volume is through the roof right now.

https://defillama.com/dexs

A lot of people put money on CEX because they are ignorant, or willing to take on some risk for slightly cheaper and faster trades. Those people probably regret their decision now. If they used Uniswap and Aave they could not have withdrawals paused because of one company’s insolvency.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by apienx on Saturday November 12, 2022 @05:40AM (#33571889)

"If many people in this space are advocating for decentralized exchanges, how come everyone uses centralized ones?"

Convenience.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by boppo1 on Saturday November 12, 2022 @12:17PM (#33575010)

DeFi doesn't interface with fiat.

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