Retail investors retaliated after being cut by billions, Zhao Changpeng's prophecy has come true!
Today, an explosive news broke out in the cryptocurrency world! A certain trading platform suddenly performed outrageous operations with a coin — the market maker set a sell price of 0.15 and a buy price of 0.13, clearly treating retail investors as leeks to be harvested! As a result, sharp-eyed retail investors discovered this and directly entered a crazy retaliation mode, driving the trading volume of this coin to 10 billion!
Initially, it seemed like a day for retail investors to celebrate, but unexpectedly, an even crazier operation followed! The platform directly froze the accounts of all users who had traded this coin! Calculating the figures, if these users could withdraw, the platform would suffer a loss of 1 billion! This situation is terrifying when you think about it; with such a large amount of funds, is the market maker really a market maker, or is the platform itself playing the role of a 'scammer'?
Looking back at what Zhao Changpeng said before, 'Exchanges shouldn't review tokens, we should build decentralized exchanges', at that time, I thought he was too arrogant and didn't care about user safety at all. Now that this incident has happened, I completely understand! We buy virtual currencies for decentralization and to avoid manipulation, yet we still have to trade through centralized exchanges and let them review decentralized tokens; this logic is inherently contradictory!
It's like putting sheep in a sheepfold guarded by wolves; it would be strange if nothing happened! Originally, everyone assumed that the platform would adhere to the rules, but under the temptation of billions of funds, even the most reliable platform may reveal its true nature. After all, in the face of interests, individuals can easily be corrupted, but a decentralized group model is actually more reliable.
This incident has sounded the alarm for all players in the cryptocurrency world; the power of centralized exchanges is too great, and users are too passive before them! Perhaps we really should explore a fairer and more transparent decentralized trading model, otherwise, similar 'black swan' events will definitely happen again in the future! 进来聊聊天 币安王牌KOL交流群，点击加入！ #中美贸易关系 #加密市场反弹 #BNBChainMeme热潮 $BTC $SOL
Today, an explosive news broke out in the cryptocurrency world! A certain trading platform suddenly performed outrageous operations with a coin — the market maker set a sell price of 0.15 and a buy price of 0.13, clearly treating retail investors as leeks to be harvested! As a result, sharp-eyed retail investors discovered this and directly entered a crazy retaliation mode, driving the trading volume of this coin to 10 billion!
Initially, it seemed like a day for retail investors to celebrate, but unexpectedly, an even crazier operation followed! The platform directly froze the accounts of all users who had traded this coin! Calculating the figures, if these users could withdraw, the platform would suffer a loss of 1 billion! This situation is terrifying when you think about it; with such a large amount of funds, is the market maker really a market maker, or is the platform itself playing the role of a 'scammer'?
Looking back at what Zhao Changpeng said before, 'Exchanges shouldn't review tokens, we should build decentralized exchanges', at that time, I thought he was too arrogant and didn't care about user safety at all. Now that this incident has happened, I completely understand! We buy virtual currencies for decentralization and to avoid manipulation, yet we still have to trade through centralized exchanges and let them review decentralized tokens; this logic is inherently contradictory!
It's like putting sheep in a sheepfold guarded by wolves; it would be strange if nothing happened! Originally, everyone assumed that the platform would adhere to the rules, but under the temptation of billions of funds, even the most reliable platform may reveal its true nature. After all, in the face of interests, individuals can easily be corrupted, but a decentralized group model is actually more reliable.
This incident has sounded the alarm for all players in the cryptocurrency world; the power of centralized exchanges is too great, and users are too passive before them! Perhaps we really should explore a fairer and more transparent decentralized trading model, otherwise, similar 'black swan' events will definitely happen again in the future! 进来聊聊天 币安王牌KOL交流群，点击加入！ #中美贸易关系 #加密市场反弹 #BNBChainMeme热潮 $BTC $SOL
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