The difference between Hype and Binance is that the former only provides liquidity trading and does not offer deposit services or trading services on other chains. Therefore, there are two possibilities for a black swan event for Hype: 1. Hype's evolution towards the latter will accelerate its demise. Stealing coins from Hype's own chain will not cause a crisis, just as hackers wouldn't steal BSC assets like BNB. 2. The crisis will definitely occur at the level connecting to Hype, leading to the theft of user wallets. Because the assets weren't deposited into Hype, there will be no compensation, resulting in a loss of credibility.