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RE: Steemit Crypto Academy Contest / S6W2- Centralized Cryptocurrency Exchange Platforms and Its Risks
What a clear image you provide in this Article. I can understand each and every line and you conveyed it very well. That is appreciatale.
You're right that if one doesn't have a key he doesn't have the coins or the coins are not him. Centralized exchanges are very risky but provide some interactive offers and put some mind interactions things that bring us to a centralized exchange.
I hope that FTT will rise so we can decrease our loss. Government should provide some security in such a scenario.
Good luck in this Contest.
I'm not sure there's much government can do in such position, the only thing FTT could face is being charged with fraud and that's only if there's enough evidence for that, I was on SBF Twitter space yesterday, and most of his word were "I'm sorry", although he said they are working as much as possible to get user's there money back.
Centralized Exchange are very risky, they are just more easy and beneficial.
Right brother