Blockchain analytics unable to prevent FTX-level illicit schemes By Cointelegraph

Data transparency has been a focal point for the crypto industry, but the FTX fiasco has shown that centralized exchanges (CEX) are not transparent enough. So far, crypto analytics firms are apparently not capable of tracking transactions to prevent collapses like FTX.

All (BTC) transactions are available publicly on-chain, which enables tracking such transactions when sending crypto from one address to another. However, this is not the case when it comes to interacting with a centralized crypto exchange.