Recently I came across an article about the future of decentralized exchanges and how they are going to transform the centralized exchanges. One thing that clearly mentioned is that decentralized exchanges are secure and impossible (kind of) to hack as no central entity is running/controlling them. However, I heard about the security breach of Bancor and waves DEX. So what's the point of decentralized exchanges if they are still being hacked
We can achieve point when there is a complete decentralization.But the only difference between centralized and decentralized is that you have a private key. It is possible to manage the accounts even in decentralized exchanges.