Choosing to support FTX back then was a stupid decision, and I paid a heavy price for it afterward. At the time, FTX’s internal financial situation was a complete black box. Before the collapse, the only thing outsiders could see was a screenshot of a questionable balance sheet. Whether to believe it or doubt it was purely subjective judgment. Now, Binance is blatantly altering candlestick data, underreporting liquidation scales, and on October 11 at 5:20, multiple altcoin spot prices were significantly lower than other exchanges. This dragged down the USDT perpetual contract mark price, ultimately triggering the largest liquidation event in crypto history. These three things are objective, verifiable facts. If FTX’s collapse back then was a black-box failure, Binance is outright manipulating data and covering up the truth in broad daylight. What’s even more absurd is that both Western and Chinese crypto media have remained silent about Binance’s alteration of ATOM candlesticks. Even Galaxy quietly edited their article afterward to downplay the issue. Several major market makers collectively lost at least billions of dollars, yet no one dared to make a sound. This kind of collective selective blindness is completely at odds with the decentralized and transparent spirit of crypto. Whether it was 3/12, 5/19, or even the FTX collapse, I could accept those because they were my own choices. I can’t blame anyone else (though I deeply regret leading those who followed me and trusted my judgment at the time—I still feel very sorry about that). But this time, for the first time, I feel a genuine sense of despair about the entire industry.