It's barely a year since the unfortunate incident of FTX crash and it's like we are about to witness similar scenario. Personally, I don't pray for such because this will dent the image of other reputable CEXs like Bitget, Binance, Kraken among others who has been following the rule of engagement and ensuring users have absolute peace of mind over their assets. There have been series of allegations against Justin Sun and the exchange in the past few days with top executives of the exchange being questioned by the Chinese police. The news of the misappropriation of funds and possible insolvency has led many investors to either withdraw or transfer their funds from the exchange raising a question if we are about to witness another similar scenario to that of FTX.Could DEX be the solution or there are still exchanges that can be trusted?
