When Binance applied for the EU MiCA regulation back in the day, regulators said it was fully compliant and almost approved, but it ended up being forcibly shut down by 'other forces.' CZ bluntly said this was a loss for Binance and a loss for Europe. Then OKX boss Lao Xu clapped back directly : 'How big of a loss? A loss for whom—European regulators or the European people? What exactly did Europeans lose? Another October 11th?' According to public reports, the company failed to demonstrate that its anti-money laundering, sanctions compliance, and market integrity programs were effective, nor did it obtain a license. Yet instead of reflecting on these issues, it claims Europe is the loser. This fully reflects the company's attitude toward the rule of law and financial regulation.