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image  1 Bitcoin | Crypto | Blockchain - Within a bear market all the cracks within centralizad projects and
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November 15, 2022

Within a bear market all the cracks within centralizad projects and platforms begin to show. FTX was using customer funds to trade and invest. This means the crypto you deposited on the platform wasn’t backed 1:1. This is similar to the banking system doing fractional reserves.Just because it’s crypto doesn’t mean it’s decentralised.Remember you only own your coins if only you have full access the the 12/24 letter seed phrases.
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