I heard that the LA contract has been liquidated, and it's said that the huge price difference between the exchange and the on-chain price caused it.

In my opinion, everyone who lost money on the LA contract deserves it. It's understandable for an exchange to be an institution that wants to make quick profits; who says the prices on exchanges must align with on-chain prices? You can always arbitrage!

I've always said, don't trade single-exchange coins, which are coins listed only on one exchange. Single-exchange coins are unpredictable. Don't trade any contracts other than BTC, ETH, or DOGE. If a certain exchange shows a huge price difference for BTC, ETH, or DOGE compared to other mainstream exchanges, arbitrage bots will wipe that exchange out.

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