as an example, terra luna was a "decentralized" platform (ignore the anchor ponzi for a moment). Even its critics generally focused on anchor and did not question the decentralization part.
And yet such a decentralized platform very quickly disabled withdrawals (UST peg) as soon as it became clear that their ponzi had collapsed. now we can go in depth as to whether the mechanism they used was legitimate or whether the validators were factually independent of mr kwon but it really does not matter
that is why people dont and shouldnt take any such claims very seriously. its primary purpose is marketing only.