It appears that the
YFI
market value loss sparked various reactions among traders. Some believe it's a coordinated cash-out by the team and exchanges, resulting in innocent traders getting liquidated. There's a call for decentralized exchanges (DEX) as an alternative due to distrust in centralized exchanges (CEX), drawing parallels between CEX and banks, accusing both of robbing users in different ways. The concern lies in CEX's potential to manipulate markets, pull liquidity, and exploit users' assets.
YFI
market value loss sparked various reactions among traders. Some believe it's a coordinated cash-out by the team and exchanges, resulting in innocent traders getting liquidated. There's a call for decentralized exchanges (DEX) as an alternative due to distrust in centralized exchanges (CEX), drawing parallels between CEX and banks, accusing both of robbing users in different ways. The concern lies in CEX's potential to manipulate markets, pull liquidity, and exploit users' assets.