BTC ETH He is really a freak. He played so hard with the contract that he didn't even understand the mechanism of the contract. He also thought that the exchange was a rival; For individual knockoffs, the exchange or project party may be the counterparty of retail investors, but for most mainstream currencies, the exchange would not act as the counterparty of retail investors, otherwise the exchange would have gone bankrupt long ago; The most real case is that the boss of FTX in the last bear market, Explosive Head, personally used users' hundreds of millions of dollars in funds to open long positions, thinking he could win steadily. However, he carried the orders all the way, and in the end, he directly liquidated users' hundreds of millions of dollars in funds, leading to a series of explosive events;