Why are people scared of centralized projects too? I thought keeping money in exchanges is the danger? I have Cronos and Sologenic in my wallet and I believe even with the going FUD they will bring me good profits or is there more that I should know?
Are you talking about the custodial solutions used to store and stake your money or coins/tokens projects? If the latter, then I'm not familiar with the second project, but for projects using Cronos, or Binance's chain for example, then the danger here is mainly linked to the exchange's platform. All it would take for all the projects to die is for their exchanges to collapse. So if something like what happened to FTX, happens to either of Crypto.com or Binance.com, you can be certain that any project in either chain will die with them.