# Opinion: FTX failed because it veered from decentralized finance - MarketWatch

<https://www.marketwatch.com/story/long-live-crypto-ftxs-failure-doesnt-diminish-the-worthy-purpose-of-decentralized-finance-11669140719>

- Host: [marketwatch.com](https://links.thingelstad.xyz/hosts/marketwatch.com/)
- Saved: November 30, 2022 (2022-12-01T03:25:49Z)
- Record: https://links.thingelstad.xyz/links/ac55a0e3ce5e/
- JSON: https://links.thingelstad.xyz/links/ac55a0e3ce5e.json

## From the page (probably an excerpt, not Jamie's words)

"Not your keys, not your crypto." Many people I know in crypto didn’t fall for the FTX fraud because of a close aherence to that principle — they keep their crypto on their own and self-custody. FTX of course offered incredible interest rates and yield on assets you left with them, which was the other reason many people weren't affected — it was simply too good to be true.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT236: Weekly Thing #236 / ChatGPT, Reading, Legitimacy](https://weekly.thingelstad.com/archive/236/), Notable

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## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://www.marketwatch.com/story/long-live-crypto-ftxs-failure-doesnt-diminish-the-worthy-purpose-of-decentralized-finance-11669140719