Check the amount of Bitcoin people payed for and lost on both events. Centralized platforms are still more dangerous.

Only the size, but this hit very hard to plebs stacking what they thought was a safe way

No difference.

two bads don't make it right

I'm way past believing the incompetence angle. Ftx was planned, so was coinkite.

Theres a difference when you dgaf about trading but you DO gaf about security

No. And I made the same comparison to the wife. Every cycle, we have a lot of people lose a lot of coin due to misplaced trust. You can't trust much of anything in bitcoin. Even yourself. People gotta learn to think in layers of security. This one DOES hit a little different, though, because a lot ...

Which trust does it strengthen and does it weaken?

Not really.

Ftx was implied counter party risk Coinkite was implied trustlessness

Different modes/methods with same outcome

The trading loss is relatively more transparent.

Consent. I do wonder whether their ToS covers liability for an entopy bug tho?

I have doubts they are bad at security by now.

But I heard they have a super secure USB implementation, 2 secure elements, the traces on the board avoid side channel attacks What could possibly be wrong? Seems like very responsible thorough people

It's both fraud. But about FTX we know for a fact now they lied AND stole customer funds.