Chat should be objective Although I have a good relationship with everyone at OKX But at that time, there were obvious flaws in the risk control of the OKX contract in 2018 Unrestricted position size and leverage Limited insurance fund size Mainly relying on socialized sharing BitMEX has been using ADL mechanism during the same period to this day These risk control deficiencies of OKX have been remedied and improved Go back to 8 years ago After systemic loss occurs The platform bears the loss of 2500 BTC on its own Retrieve a portion from profitable users Freeze 517 BTC for warehouse users Article 6.2 of the agreement allows for the closure, restriction, or rollback of transactions Terms biased towards the platform But the behavior is within the scope of text authorization There is a dispute over the terms But the operation is within the protocol framework Disputes can only be resolved through legal means Difficult to comment on public opinion FUD on Twitter due to issues from 8 years ago Take a closer look at user behavior 1/Whether to manipulate the market Issued over $450 million in orders in 2018 Based on the depth of the market at that time Volume will inevitably impact prices Platform shows risk control vulnerabilities Such a large position should not be allowed to be traded Freezing after triggering an alarm is a risk control measure 20x leverage If the fluctuation is less than 5%, the position will be liquidated The statement that not freezing will automatically reduce the position Insufficient logic But high leverage combined with an extremely high proportion of holdings Belonging to a typical manipulation risk structure Final warehouse penetration Forming systemic risks Article 6.2 of the agreement allows for the closure, restriction, or rollback of transactions Terms biased towards the platform But the behavior is within the scope of text authorization Is it reasonable to freeze 517 BTC Announcement shows that a warehouse breach has occurred The platform uses 2500 BTC to fill the gap Deducting profitable users through socialized sharing Simultaneously freeze 517 BTC The overall turnover scale is about 4000 BTC or more The agreement stipulates that sub accounts and wallets are considered as unified assets There is a dispute over the terms But the operation is within the protocol framework Instead of fueling public opinion due to issues from 8 years ago Why not take the legal path for disputes 8 years ago, OKX risk control did have the above-mentioned defects But after 8 years of gradual improvement, I personally feel very confident in using OKX