Owen.btc 🟧|Jun 17, 2026 10:52
As the bro said, the drop caused by hacking incidents has always been a complicated issue in CEXs because the responsibility doesn’t lie with the users or the exchange, but rather with an unexpected external factor. Recently, contracts like ESPORTS, H, and GUA have increasingly been forced into 'single mode' due to 'hacking.'
If directly delisted:
1. Innocent long-position users before the hack would be forced to turn unrealized losses into realized losses.
2. Users who want to hedge after the hack would lose their hedge positions and be left with naked positions.
But if not delisted and instead kept running as a single-mode coin, project teams or rogue whales might manipulate the market.
That’s why LPP seems like a transitional product to protect affected users while limiting market manipulation. It allows positions to transition smoothly until the token swap is completed, then reconnects to the normal index price. Longs don’t have to realize losses, shorts can continue hedging, and speculative users can make their own subjective trades.
Of course, if there’s a way to establish a settlement price that both longs and shorts agree on after a hack, that could work too. It would be a strong deterrent to 'self-directed drama' from project teams since it essentially wipes out their shell manipulation and places the main responsibility for the hack on the project team itself. However, this seems pretty difficult because longs and shorts are inherently opposing sides, and any price would inevitably offend one side.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink