This is the second part that I couldn't post previously
This is the 3rd part of the article.
I am not really a crypto guy but I like the concept of DeFi. As I read the articles, I am quite disappointed that it seems that DeFi is pretty much lost. While it is not really a surprise that many people participated only in hope of making easy money and/or, as some would put it, for entertainment, It is still very depressing that an idea meant to liberate people from Cefi is defeated by people's willingness to embrace CeFi.
Quotes:
It is also entirely accurate to say that without crypto the Hydra case would never have been solved. The ability to trace the flow of funds to identify where the market was hosted is the reason the case is closed.
Our expert team of investigators wrote the playbook for leveraging blockchain tracing to identify and takedown the worst of the worst actors in the crypto space, including Hydra Market. They continue to leverage those skills to protect our users and help law enforcement target and dismantle those who seek to exploit the blockchain for criminal purposes.
Financial freedom, privacy, and effective law enforcement assistance coexist as a result of proper AML policies and practices on the Binance platform. Please see our blog on KYC, Identity Verification, and How Is It Increasingly Important for Crypto.
Judging from these statements by Binance, if I understood correctly, a large part of the cryptocurrencies HAS ALREADY BEEN centralised.
