I participated as a guest in OKX's "Welcome God of Wealth Red Envelope Rain" event at 6:30 pm this afternoon. Before going live, I saw some scattered public opinion, but I didn't pay much attention at the time. I thought to myself, "Is it just for fun to grab red envelopes during the Chinese New Year? Who really cares about having more money or less? Besides winning the jackpot of 0.5 BTC, I can't make a fortune. I didn't expect the public opinion to intensify at night. Although I participated in the program, I was just a guest and didn't know any insider information. But from the perspective of macro and exchange operations, which I am good at analyzing, it should still be similar to the logic of the recent major players. That is, 1 The overall environment is not good, and everyone has a lot of hostility. The red envelope obtained after working hard for half a day is too different from expected and cannot be accepted 2. The exchange budget may indeed be low due to the poor overall environment (pure speculation, I don't know how much was sent in total) 3. There are indeed many robots that use various plugins. When I used to work in the office doing lottery draws, whether it was leaving Twitter messages or grabbing red envelopes, 90% or even 99% of them were cheats. They use accounts registered with the same IP and email fields to crazily compete with real users for red envelopes, squeezing the interests of real people. Each party has zero tolerance for this kind of wool party, but their risk control capabilities are different. If they are strict, they may mistakenly kill good people, and if they are lax, they may not be able to stop them. This has always been a business difficulty for the risk control department. 4. In short, the current situation may be a bit like that of a famine stricken person eating a large sum of food in a disaster year, and exchanges with stored grain may indeed have to bear some of the obligation of opening warehouses to release grain and provide relief to disaster victims. However, in the process of disaster relief, it seems that we need to learn from Ho Shen's logic of adding sand to Congee to prevent those who have surplus food at home from taking advantage of it and ensure that those who really need help can get Congee food. However, I also have to say that the exchange is not a disaster relief organization, and users are not disaster victims. In the long run, what exchanges need is effective new users, but new users may also require the reputation accumulated in each event to gain. I also happened to know that in order to support the activity of "Red Packet Rain", some technical and operational friends have been working overtime in a closed environment recently without going back to their hometown for the New Year. The most uncomfortable thing about this activity may be that they have to stay up all night to watch the server for downtime prevention and risk control. In the end, they not only failed well, but also suffered a lot. This sense of frustration is very strong. I hope this matter can be resolved properly in the end, after all, the original intention of giving red envelopes is to bring good luck and joy during the Chinese New Year, because this small amount of money does not necessarily harm harmony.