Vitalik Buterin Criticizes FTX’s Centralization, Highlights Ethereum’s Decentralized Governance Model

Ethereum co-founder Vitalik Buterin sharply criticized the collapsed cryptocurrency exchange FTX, highlighting its centralized structure and contrasting it with Ethereum’s decentralized governance model. In a recent talk at Devconnect Argentina, Buterin emphasized how FTX’s failures stemmed from decisions made by a limited group of insiders, leading to increased risks for users. He argued that Ethereum’s open and community-driven process avoids such vulnerabilities.