There are hundreds of ways to get cut, no exaggeration.
1. The dealer collapses and runs away, LUNC drops from $100 to $0.00001 in just a few days, those who shorted made a fortune.
2. Exchanges run away; small exchanges in the crypto world often cut the retail investors, and even the top five exchanges frequently change their rankings. Exchanges in the crypto world cannot be trusted, as they may close down at any time.
3. Internal theft; clearly your wallet's money was hacked by the exchange, yet they insist that it was stolen by hackers. Isn't that infuriating?
4. Playing contracts; this is a consensus among people in the crypto world about losing money. A big bullish candle attracts a multitude, while a big bearish candle leaves retail investors in tears.
5. When you buy a coin, it won't rise until you sell; once you sell, it skyrockets. What this means is that they are watching your position. Don't be surprised how the dealer knows; they can clearly see how many chips have been sold and when to buy back the low-priced chips. Some dealers only sell and do not buy back, the more you buy, the more it drops, forcing you to sell when you can’t hold on any longer. In the end, you can't even recover your principal.
Alright, that's a hundred words. You can figure out the rest yourself.