Quote from: taufik123 on Today at 02:53:54 PM

Quote from: Yogee on Today at 02:31:25 PM

Quote from: Wahyuihib on November 23, 2022, 11:21:49 PM

In my opinion, what the ftx exchange experienced was also experienced by binance when it was hacked some time ago. But everything has been handled properly. Hopefully what is experienced by FTX will be resolved soon and security technology will be improved for the convenience of its users

Apples and Oranges.

I don't think you are familiar with what happened to FTX prior to making that post. The cause of collapse wasn't because of a hack or poor security but the mishandling or mismanagement of customer's funds. At least that's what's being told but there could be more that's not yet revealed to the public.

At the start of the news, the collapse of FTX was indeed due to the mishandling of FTX user funds and made FTX no longer trusted. But as the problems faced by FTX went on and SBF's attitude did not give a sorry response, eventually news continued to develop and news about the FTX hack as the cause of FTX's collapse grew stronger and was claimed to be the main problem. it's just an issue made up to avoid hatred for the founder of FTX and for FTX itself.

The collapse of FTX has an impact on public distrust of centralized exchanges because the risk of losing assets is very large. But I don't think this will last long term. The trust of crypto users will return if a centralized exchange provides security guarantees for investor assets. this is a new history for crypto about the collapse of extreme centralized exchanges.

Yep, I also think that there are some distrust against centralized exchange now because of what happened to FTX. Imagine on of the biggest exchange got bankrupt in less than a week, I'm pretty sure it would be a terror experience to the centralized exchange users. I saw a trend chart of people who are putting their funds on non-custodial wallets which is an uptrend and I do think it is expected since there are influx of people who don't want to have the same experience with the FTX victims. It's a hard lesson for the victims and this lesson will surely be remember by everyone. Never trust a centralized platform especially if they hold something valuable. The effect will not last long but the lesson will be there forever.