Cory Klippsten questions decentralization of DEX protocols processing payments from North Korea
@coryklippsten: Klippsten on DEX decentralization
Cory Klippsten has highlighted concerns regarding the decentralization claims of several digital exchange protocols. According to a tweet Klippsten shared from blockchain researcher ZachXBT, these protocols derive nearly all their monthly volume and fees from North Korea, yet show no willingness to acknowledge any accountability.
The discourse challenges the fundamental principle of decentralized exchanges (DEXs), suggesting that many of them, especially those with significant volume, might not be truly decentralized as they claim. Venture-capital funded, founder-led 'DEXs' often find themselves under scrutiny for failing to align with the decentralized ethos fully.
This raises critical questions about the integrity of these platforms and whether they can genuinely operate independently without centralized interference or control.
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In the previous news, tweet author Cory Klippsten discussed Microsoft's spending strategy and its implications.
