Why are so many people so idiotic, claiming the exchange orchestrated the whole thing? The exchange is definitely suffering a massive loss. This is Twitter, not Xiaohongshu, Weibo, or Douyin. Use your brains! The credibility loss from this incident far exceeds $3 billion. It's as ridiculous as a bunch of idiots saying they built their wealth through hedging. I spend $1.4 million a year on Binance fees; with hedging, that's $2.8 million. Even trying to hedge my own positions to achieve high returns on Binance results in negative EV. Every cryptocurrency hack has its own money laundering methods. For example, a hacker previously issued a Qin Shi Huang meme on Pump and manipulated it to launder money. Another hacker used stolen funds to leverage high-leverage long and short positions on HL for ETH. But this hacker was truly clever. They anticipated the exchange's reaction after the hack and dumped the tokens before going long on the stolen ones. Regular hackers who don't engage in event trading wouldn't know this path. This hacker was smarter than previous North Korean hacks, both in their target and their subsequent actions.