Selling U went wrong. I was supposed to transfer 34,000, but I mistakenly saw it as 246,160 in RMB and transferred 246,160 U.

I transferred an extra 21W U, around 1.5 million RMB, and the other party transferred it back to me.

The other party is very wealthy, with nearly 100 million, running a company in the real economy.

This is the comfort of dealing with wealthy people: the poor scheme, the rich have a conscience.

Wealthy people may not necessarily have true conscience; they are just unwilling to get themselves into trouble over a mere one million or so, which involves a game-theory logic.

There have been times when others transferred the wrong amount to me; I recall once around 50,000 and another time around 100,000. In the case of 100,000, the other party was a Chinese-American in the U.S., and I returned it to them as well.

Because my reputation is valuable, I won’t ruin it over such a small amount of money.

Similarly, which exchange is the safest?

This field lacks regulation; whether to do evil relies entirely on conscience. The reality is that the wealthiest have the most conscience; those who operate on the largest scale also tend to have conscience.

The wealthiest have the highest cost of wrongdoing and suffer greater losses from it, so under the game-theory logic, they choose not to do evil.

Many small exchanges offer 80% or even 90% rebates, but while you seek low fees, they are eyeing your principal.

Under the game-theory logic, I will only choose the wealthiest and also the safest, Binance. 😋😋😋