Crypto investors talk about how decentralisation will benefits all but all I saw is how cruel decentralisation in crypto space can be, hacks and theft have make decentralized projects the perfect target.
If its centralised there will always be someone to take the blame but that's not the case with decentralised projects
1. The team will easily blame the hacker, even if its an inside job.
2. Any form of reimbursement isn't going to happen.
We all want decentralise but it deals more damage to investors than centralise, the only thing decentralise does better is freedom but that freedom is also a huge weak point.
When I was new to the crypto industry I hated centralized exchanges and preferred to use decentralized exchanges because there was no KYC required to provide them compared to centralized platform exchanges.
But when hackers enter the DEXs, what turns out to be even more unfortunate is that its users have no fight to recover their assets, suddenly you can't open their platform and you have no recourse. Unlike the centralized exchange platform, even if it gets hacked by hackers, it is somehow immediately blocked by legitimate exchanges like Binance, which we know has been hacked several times, but binance still maintains its trust because it can resolve it. the issue in this matter is even if binance loses a few million.