The convenience of centralization comes at the cost that you cannot verify whether the assets truly exist.

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CryptoFrontier
FTX Portfolio Investments Worth 158 Trillion Won If Not Bankrupt
FTX, the centralized cryptocurrency exchange that filed for Chapter 11 bankruptcy protection in November 2022 due to liquidity shortages and capital outflows, would have held investments valued at approximately 158.796 trillion won if it had not collapsed, according to analysis cited by Park
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