The cryptocurrency community finally has its own legal letter

On April 20, a bug occurred in the top 5 exchanges in the cryptocurrency world, and within half an hour of issues on the platform, 8 accounts exploited vulnerabilities, obtaining nearly 150 million. Consequently, some exchanges sent legal letters to players, demanding the return of funds within 24 hours. However, many believe that this time it was the platform's own problem; players acted in the market to arbitrage and should not use legal means to cover up their own issues. In this circle, arbitrage is the norm, and even a part of the industry. These 8 accounts are likely professional players in this regard; once they have their share, it’s not easy to pry it back, and they probably have already flown high. Furthermore, centralized exchanges cannot both be the referee and the player. Recently, exchanges have been encountering problems frequently; the platform should focus on improving its own security rather than always being submissive when faced with hackers and taking heavy action against players.