"After watching the debate between Bitget and THORChain, I actually feel that many people underestimate one of the most important values of an exchange: when something goes wrong, who takes responsibility for the losses? Bitget demanded the interception of flagged hacker addresses, while THORChain emphasized decentralization and permissionless principles. The two sides had a heated argument over whether protocols should intervene in the flow of stolen funds. The boundaries of decentralization are, of course, worth discussing. But from a user’s perspective, there’s a more straightforward question: Can the money be recovered? If not, who bears the loss? When we usually choose an exchange, we compare fees, trading depth, and listing speed. These are all important, but the more extreme the situation, the more you can see the weight of security investment, emergency response, and loss-bearing capacity. This is also why I think it’s worth taking a closer look at how Binance has handled issues in the past when evaluating it. Binance itself has been hacked before. In 2019, 7,000 BTC was stolen, and Binance explicitly announced that it would fully cover the loss using its SAFU fund, ensuring that users’ funds were not affected. It’s not a record of “nothing ever goes wrong,” but it does provide a case study that can be examined. This case is far more convincing to me than a simple statement like, “Our system is absolutely secure.” Of course, covering a loss once doesn’t mean all future risks will be guaranteed. No platform deserves blind trust, and funds should always be diversified. But when choosing a platform, I give more weight to this kind of proven track record. I also don’t think Bitget’s incident should be mocked. The hacker targeting this platform today could target another one tomorrow. The entire industry needs stronger protection and collaboration. But this incident reminded me once again: You can calculate transaction fees clearly, but the cost in extreme situations is often overlooked. Saving a bit on fees is a visible gain. But when something goes wrong, whether the platform has the capability, mechanisms, and willingness to take responsibility could determine how much of your accumulated gains you actually get to keep. Whether it’s Binance or any other platform, I think this metric is more useful than slogans." #Bitget #THORChain #Binance #CryptoSecurity #SAFU