Undoubtedly, Binance has long been a leader in the cryptocurrency industry in terms of both influence and profitability. How Binance faces regulation, handles security incidents, and protects user assets not only affects itself but also influences the trust and perception of regulators, traditional financial institutions, the media, and the public regarding the entire industry. Faced with a massive $6.3 billion security incident, Binance chose to absorb the losses rather than let users foot the bill. Personally, I think this was a very dignified handling, and this sense of responsibility deserves respect. Speaking of which, I can't help but criticize Sam's FTX. The collapse of FTX not only caused countless users to suffer losses but also incurred huge trust and regulatory costs for the entire industry. Especially in Singapore, we cryptocurrency practitioners can personally feel the changes in the regulatory environment. The actions of a leading platform can affect the development space of the entire industry for years to come. I hope Binance and all companies that stand on the side of users continue to thrive, and I also hope the entire cryptocurrency industry continues to improve.