FTX揭示了中心化金融的问题，并证明了DeFi的必要性

Sam Bankman-Fried 的加密货币交易帝国的崩溃不可能也不会发生在去中心化和透明的协议上。

The recent collapse of Sam Bankman-Fried's FTX crypto exchange has highlighted the problems inherent in centralized finance (CeFi) and the need for decentralized finance (DeFi).

Sam Bankman-Fried 的 FTX 加密货币交易所最近的崩溃凸显了中心化金融（CeFi）固有的问题和去中心化金融（DeFi）的需求。

Unlike CeFi platforms, which hold the keys to user assets and can engage in risky practices like under-collateralization, DeFi protocols are designed to preserve the benefits introduced by Bitcoin and amplified by Ethereum, such as permissionlessness, transparency, censorship resistance, and self-sovereign custody of assets.

与 CeFi 平台不同，CeFi 平台掌握着用户资产的密钥，可能会进行抵押不足等风险行为，而 DeFi 协议旨在保留比特币带来的、以太坊放大的好处，例如无需许可、透明、抗审查和自我保护等。资产的主权托管。

In the wake of the FTX failure, some centralized exchanges (CEXs) and CeFi platforms have been overwhelmed with users withdrawing funds, forcing them to freeze transfers off the platform. This indicates that some of these platforms may be insolvent.

FTX故障后，一些中心化交易所（CEX）和CeFi平台因用户撤资而不堪重负，迫使他们冻结平台转账。这表明其中一些平台可能资不抵债。

Those who had funds on FTX will likely lose their money. Several large venture firms and Web3 companies disclosed to their investors on Wednesday that a significant portion of their assets under management (AUM) or treasuries were lost to CEXs.

那些在 FTX 上有资金的人可能会赔钱。几家大型风险投资公司和 Web3 公司周三向投资者透露，他们管理的资产 (AUM) 或国库资金的很大一部分都流失到了中央交易所 (CEX)。

However, decentralized exchanges (DEXs) like Uniswap, Balancer, Curv, and other DeFi platforms have been functioning smoothly, allowing users to exit their crypto positions or capitalize on low prices and buy in.

然而，Uniswap、Balancer、Curv 等去中心化交易所 (DEX) 和其他 DeFi 平台一直运行顺利，允许用户退出其加密货币头寸或利用低价买入。

Throughout this episode, users never lost access to their assets, which is a fundamental aspect of consumer protection in finance.

在整个过程中，用户从未失去对其资产的访问权，这是金融领域消费者保护的一个基本方面。

As the world embraces the decentralized future, DeFi platforms offer the best path to an open, accessible, and inclusive financial system, where users have complete control over their assets and the freedom to participate in a permissionless economy.

随着世界拥抱去中心化的未来，DeFi 平台提供了通往开放、可访问和包容性金融体系的最佳途径，用户可以完全控制自己的资产并自由参与无需许可的经济。