The FTX incident was as a result of Centralized, given the fact that users were not having access to their funds. Instead, the funds are store on one place by the centralized authority.

I prefer decentralized exchanges, as it offer a number of advantages compared to centralized exchanges. As they are not controlled by a central entity, user funds are not held in a central repository and are instead stored on a distributed ledger, which is far more secure.

Thanks for sharing and goodluck in this contest.