Centralized exchanges are Always at risk of malicious attacks. Since FTX was a centralized exchange, it was susceptible to all of these risks. This resulted in its bankruptcy as well as the loss of millions of dollars in investor funds.
While centralized exchanges are convenient, they are ultimately too risky for serious investors.

Decentralized exchanges offer a much more secure alternative for trading cryptocurrencies. Because decentralized exchanges do not rely on a single entity to facilitate transactions, they can provide greater security and transparency.

Thanks for sharing friend, and goodluck in this contest. #steem-on.

I will appreciate if you equally engage on Mine