Post
Topic
Board Bitcoin Discussion
Re: Hacked Cryptocurrency Exchange Cryptopia Goes Into Liquidation
by
Mike Mayor
on 18/05/2019, 22:37:04 UTC
1 by 1 they will all go down till people open their eyes and start seeking for security. What do you think? And are DEXes going to be more usable exchanges instead of CEXes in the near future?
DEX is not a solution of that problem. While the exchange is decentralized, user and his funds are still centralized. So in that case hackers would attack users. Similar things happened with etherdelta that is now RIP.
Also, in case with DEX there is no chance for user to get a refund while centralized exchanges are responsible for other people's money and have to pay a refund. Probably this is what Binance gona do after their recent hack. We need stronger and more reputable exchanges.

Since when does CEX need to do anything. I was ripped by the CEX exchange OKEX. DEX  are the best. CEX doesn't mean safe. You give CEX your private info so if they hacked you get exposed as well.