BTC ETH Binance BitGet was hacked for $400 million, and some KOLs were saying to withdraw funds immediately. Now Binance has been hacked for $6.4 billion, and they actually need to fully cover about $3 billion, yet these KOLs are saying they're not worried at all and trust Binance. Trust my ass! If you have a partnership, then you have a partnership. Stop fooling your followers. I can't stand it anymore. A bunch of KOLs who have partnerships with Binance are telling this person to rest assured and that person to rest assured, saying things like Binance has so many assets, and if Binance goes down, the industry will be gone. Pure idiots. First, understand what Binance's assets have to do with Binance. That's all user assets. The reserve certificate shows over $100 billion, but that $100 billion is user money, not Binance's money. Anyone using that as an excuse is just plain stupid and naive. Of course, I'm not saying Binance can't afford this $3 billion loss. Binance is unlikely to shut down and run away because of this $3 billion, but this $3 billion is... Binance's losses are definitely not small; they represent roughly half a year's worth of net profit. It's not something to be taken lightly. Fortunately, Binance's actual losses were only 3 billion, which can be covered by half a year's profits. If the losses had been over 10 billion, it would have taken 2-3 years' worth of profits to cover, and they would likely be finished. In the current AI era, hackers are finding zero-day vulnerabilities like they're being dropped into a pot. Many companies need time to address the security challenges of the AI era. Everyone must develop a new security awareness. Once you witness the incredible capabilities of AI, you'll be terrified. Here's how I manage my assets: First: If you have a large enough amount of capital, at least at the A8 level, assets that you're certain won't be touched for the next few years can be placed in a cold wallet. Most people probably don't need to do this, so skip to step two. Second: The fundamental principle is to not put all your eggs in one basket. Currently, mainstream exchanges at least... Find 4-5 exchanges and register accounts on each to diversify your assets. This is the simplest and most effective solution. Third: Among mainstream exchanges, be sure to find a reputable exchange with US investment. Currently, there are only two: Coinbase and Kraken. Since Coinbase's identity verification process is more complicated, choose Kraken directly. Fourth: Allocate your assets according to your trading habits. For funds used for long-term spot trading or USD investment, put them in Kraken. Kraken's USDT investment currently offers the highest interest rates among all exchanges, directly following the USD interest rate. Binance, OKX, and Bybit offer significantly lower USDT investment interest rates. Bitget's USDT investment interest rate also follows the USD interest rate. For funds used for short- to medium-term spot or futures trading, you can put them in Binance, OKX, or Bybit. I use at least two of these four exchanges: tx, bitget, and tbit. While Kraken also offers contract trading, its poor user experience, high fees, and lack of rebates make it unsuitable for frequent traders. My current fund management is as follows: I keep most of my USDT on Kraken to earn 4% interest (like a flexible deposit account). The remaining funds for short-term trading are primarily held on OKX, bitget, and bybit. I also mainly use bybit for U-card purchases. On Binance, I occasionally trade small altcoins. You can choose which of these four exchanges to use based on your trading habits and needs. The reason I don't primarily use Binance now, as I've explained before, is because I dislike Binance's alpha-based betting trading model. It's purely a personal preference; in terms of trading experience, Binance is still the best.