Why Has Trust in Centralized Exchanges Declined?

[AIcash]

Q: What caused the shift in user trust toward CEXs?
Events like the collapse of FTX exposed weaknesses in how some centralized platforms handled user funds. Issues like lack of transparency, misuse of assets, and hidden risks led many users to question whether exchanges were truly acting in their best interest.

Q: How has this impacted the market?
As trust declined, many users began moving toward DEXs—not necessarily because they are easier, but because they offer transparency and control. This shift highlights a broader trend: users are becoming more aware of where their risk lies and are choosing platforms based on whether they prefer convenience or self-custody.

[johnblockbuster]

cex: trust us bro. dex: good luck bro