The delisting incident of alpaca $ALPACA has once again exposed the lack of market transparency and regulation. Market manipulators exploit information asymmetry through trading contracts and the spot market, resulting in significant losses for investors. If trading platforms can strengthen compliance management, conduct regular audits, and require project parties to disclose operational information, it will effectively reduce manipulation risks and provide protection for investors. Platforms like Binance should take the lead in strengthening compliance management, promoting transparency, ensuring a healthier and more stable market, and protecting investors' interests. #CryptoMarket #ComplianceManagement #MarketRegulation #投资者保护