A lot of these centralized exchanges are using their customers funds and have successfully provided customer's money immediately after using it. But FTX has exposed these schemes, making it difficult for them to continue. Originally I think FTX was running scams while these other exchanges were not. But because no one wants to keep their money in centralized exchanges anymore, it's difficult for these exchanges, to return the money of all their customers in one fell swoop, so this is probably one of the reasons why we're is making some changes as this. It's saddening how FTX has exposed so many exchanges.
RE: Trusting Centralized Crypto projects in 2023? A ticking timebomb!