Vitalik Buterin Slams FTX, Confirms Ethereum’s Decentralized Ethos at Devcon Argentina

At Ethereum Devcon Argentina, Vitalik Buterin delivered a keynote that positioned the debate about centralization at the heart of the current crypto discourse. Speaking to delegates, the Ethereum co‑founder criticized FTX and its former chief executive, SBF, for deviating from the project’s core ethos. He argued that decentralization—not centralized trust in a single platform—defines the network’s value proposition and resilience, and warned that a system built on benevolence is not aligned with the protocol’s long‑term security. The message reinforces the contrast between a community‑driven model and a centralized exchange framework.

Market observers note that the remarks spotlight ongoing risk assessment for centralized exchanges and rally interest in on‑chain governance, non-custodial solutions, and resilient network design.