Gate was originally called Biter and has existed since 2013. The best way to deal with this liquidation incident is to lose money, such as compensation for liquidation platforms with a turnover of more than 1.5u. There was a similar situation in history. On March 21, 2014, Huobi launched Letcoin online, and the ltc dropped from more than 80 yuan to 1 yuan. The spot financing and currency financing broke out in a series. Of course, some people bought a lot of money at a low price, but the profit of the final purchase was not recovered, and the loss of less than 60 yuan or 70 yuan was paid. If it's Xu Mingxing, OKX will roll back the transaction 99%, probably not this time, returning to the initial state. If it's Binance, it's hard to say. Even if the amount is large, it's likely to roll back. When 7000 bitcoins were stolen, I wanted to trade with the community to roll back the BTC. If the amount is small, I'm likely to be compensated. There are widespread claims of full compensation, but the actual execution will be slightly slower than advertised. The approach of gate is actually the most unpopular. They have been operating for more than ten years, and the reason why they chose not to compensate is that the amount is relatively large. They would rather offend users than compensate. So it's highly likely that there hasn't been any market trend for knockoffs recently, and they're not making much money either. In fact, with only Bitcoin, the current volatility makes it difficult for exchanges to make money. The profits of the exchange or the entire cryptocurrency industry mainly come from these counterfeit junk coins because they are easy to cheat money. It's obvious that we can't cheat much now, or we don't expect to make much profit from this round of market trends, so we'd rather offend users than lose money. The incident of Haidilao urinating resulted in a tenfold loss, as it was considered a great event marketing strategy that could earn more money if utilized effectively So we need to calculate how much the gate will lose, which is probably the cost line for the platform to betray users.