Recently, a lawyer's letter from a shady exchange has been wildly circulated in WeChat groups, claiming that someone was held accountable for arbitraging during the Voxel needle-insertion incident. It looks intimidating, but in reality—it's a farce.

First of all, these so-called 'lawyer's letters' are essentially similar to online loan collection threats; they are intimidation letters rather than anything that truly has legal validity. Many overseas law firms see the potential of new investors in the crypto space, get them to sign what they call 'engagements,' and then start scaring them. As soon as someone gets scared and pays back money, they immediately take a cut, sometimes as high as 50%.

Moreover, what are mainland users afraid of?

These exchanges don't even have financial licenses in mainland China; some don't even have qualifications in Hong Kong. **To put it bluntly, they are operating on the fringes.** If it comes to legal matters, domestic regulatory bodies may not even have these platforms registered, and to deal with them, you would first have to cross borders to break the case.

The funniest thing is that this kind of minor arbitrage, where someone has pulled a few wool threads, can be labeled as 'illegal profit.' So, shouldn't those exchanges that rely on needle insertion to harvest profits have been sued into oblivion by now?

Furthermore, if there really were market makers of that caliber, would they even lower themselves to help such platforms create tokens like Voxel? It's laughable.

In reality, this is not a victory for the rule of law; it’s yet another layer of the game of fooling the foolish.

So, stop risking everything to gamble in garbage exchanges.

Those intimidating plays disguised as 'legal letters,' just like their token white papers, are all meant to cover up one fact—that the crypto space is no longer a paradise for retail investors, but a hunting ground for the new elites.

If you really want to survive in this market for a bit longer, you need to learn what the trends are, what community means, and what true consensus and madness are.

Trump relies on words, Musk on hype, and Misan on looks, while Conan—relies on the madness of the crowd.

A 'super dog coin' truly shaped by public opinion, topics, traffic, and political aura, you may not like it, but you cannot ignore it.

When all exchanges are no longer trustworthy, you will find: the only thing you can trust is the sense of direction of the crowd.

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That is—C.O.N.A.N. #币安Alpha上新 #加密市场反弹 #特朗普税改 #ProSharesTrustXRPETF