I'll be honest and fair. The only thing that can be blamed on BG Exchange for this wave of problems is that they didn't do a good job of risk control. They were robbed of 20 million US dollars, and they actually sent a lawyer's letter to sue others. I really laughed.

I have also done backstage risk control. This very low-level and fatal mistake is really unforgivable.

Even if there are wool parties who are frantically wooling, it is definitely not possible to complete 20 million US dollars in a very short time. It must have taken a lot of time.

But BG's backstage risk control personnel didn't find it at all. I really don't know what the backstage risk control personnel of BG Exchange are doing?

I now question their professionalism. To be honest, it is inevitable that BG's backstage risk control personnel neglected their duties, which led to this fatal mistake that people could not expect.

The essence of the financial market is the counterparty, and the exchange is the biggest dealer. To put it bluntly, all liquidity is fucking fake, and they are all using fake data to make transactions with customers.

I am very clear about this point, and I do not accept any rebuttal. It is nothing more than whether the eating is good or not, because I am in the traditional financial market, and I have done the backstage risk control of hundreds of millions of funds and big data, so I am particularly clear about the doorway.

Back then, OK and Binance were equally shady, and they often made random mistakes, but in recent years, OK and Binance have become stronger and bigger, so the compliance has been slightly better, and the popularity is not so ugly, which makes users a little relatively fairer.

In recent years, Bitget and Bybit have increased their market share, but they can never achieve the same real user transaction volume as OK and Binance, so big users basically choose OK and Binance. Whether they make money or not is a matter of their own technical ability, but OK and Binance will never have the platform stolen or fleeced.

I think that in the financial market, we must follow the principles and bottom line that we should have. There is a way to steal, and we cannot lie with open eyes. We must follow the rules of the game in the market.