Quote from: target on November 24, 2020, 06:18:40 PM

Quote from: Ryushin on November 24, 2020, 05:55:07 PM

Quote from: Eco_111 on November 21, 2020, 06:15:07 AM

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

It's true that centralized projects can be controlled by the government but centralized exchanges are far better than DEX marginally, right now centralized exchanges are even safer than DEX and DeFi projects, almost all hacks that took place this year are on decentralized projects and DEX exchanges, talk about the highest volumes and liquidity, it belongs to centralized exchanges

I'm not sure if it's true. More hacks happened on CEX, not DEX. The only scams going on are the fake defi projects and tokens added on Uniswap that are also fake. If you look at the history of cryptocurrency, most hacks are the ones owned by companies including the one where CEO disappear particularly the Canadian Quadriga exchange. DEX is more secured because of its noncustodial. They are however not 100% decentralized.

Hacks are happening on both sides, Kucoin was hacked this year and it's a Centralized exchange but DEX was swarming with scammers that are creating clone tokens to deceive newbies, DEX isn't safe for newbies at all, almost all major promising tokens are been cloned, someone made up to 23,000$ from cloned token sold on Uniswap, DEX aren't secured because there is no screening before listing, anyone can list on DEX