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FTX's collapse was exacerbated by centralization; FTX being a decentralized exchange, based on smart contracts, could have prevented SBF draining customer funds (Wall Street Journal)

Photo of Grace Will Grace Will November 29, 2022
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FTX's collapse was exacerbated by centralization; FTX being a decentralized exchange, based on smart contracts, could have prevented SBF draining customer funds (Wall Street Journal)
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Wall Street Journal:

FTX’s collapse was exacerbated by centralization; FTX being a decentralized exchange, based on smart contracts, could have prevented SBF draining customer funds  —  Automated market makers can obviate the need to hold customer money and the opportunity for fraud.



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