FTX’s collapse was exacerbated by centralization; FTX being a decentralized exchange, based on smart contracts, could have prevented SBF draining customer funds (Wall Street Journal)

Wall Street Journal:
FTX’s collapse was exacerbated by centralization; FTX being a decentralized exchange, based on smart contracts, could have prevented SBF draining customer funds  —  Automated market makers can obviate the need to hold customer money and the opportunity for fraud.