[Gate Hack Incident: Another Naked Swim for Centralized Exchanges] The overall environment is a mess—exchanges and project teams are generally broke, internal management is a disaster, either failing to control risks or outright stealing. Luo's poor judgment led to millions in assets casually thrown into a small exchange, only to be 'redistributed'—serves him right. Putting money in a CEX is just like putting it in a bank—nominally yours, but not really. If a bank goes bankrupt, you might not get compensated; if a CEX runs away or gets hacked, you can kiss your money goodbye. This incident once again proves: centralized exchanges are ticking time bombs. Decentralized DEX + self-managed private keys is the only way forward! Personal judgment: the chances of recovering assets are close to zero. Wake up, everyone—are you going to keep entrusting your fate to others, or take control yourself?