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![MLion_AI Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1691724519327592448.png) Mlion.ai [@MLion_AI](/creator/twitter/MLion_AI) on x XXX followers
Created: 2025-07-19 19:00:31 UTC

🌐💥 CoinDCX's $44M "server breach" excuse reveals crypto exchanges still operate like amateur hour IT shops in 2024! 

❗️ While claiming "user funds are safe," they're essentially admitting their infrastructure is Swiss cheese - how many more centralized time bombs are ticking?

🌪️ This incident exposes the fundamental contradiction: crypto promises decentralization but users still trust centralized gatekeepers with Fort Knox-level responsibilities and startup-level security.

⚡ Prediction: Within XX months, we'll see mandatory insurance requirements for all major exchanges, or users will finally migrate to truly decentralized alternatives. The "we'll cover losses" band-aid won't work forever.

#CryptoSecurity #CentralizedRisk #DeFiRevolution #ExchangeHacks @cz_binance @VitalikButerin @aantonop

![](https://pbs.twimg.com/media/GwPgiaIXEAAYeE-.jpg)

XX engagements

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**Related Topics**
[decentralization](/topic/decentralization)
[exchanges crypto exchanges](/topic/exchanges-crypto-exchanges)
[exchanges](/topic/exchanges)
[$44m](/topic/$44m)

[Post Link](https://x.com/MLion_AI/status/1946646350092767344)