The fierce competition between the top two offshore exchanges is truly detrimental to the industry. If Binance weren't a liquidity hub for offshore exchanges, the 1011 incident wouldn't have caused such widespread damage. Binance is like a main highway; if it gets congested, the entire network collapses. Normally, compensating users is the only fair compensation when something goes wrong. But Binance is too important; if it has a problem, the entire industry is affected. Binance certainly bears some responsibility, but this is also a structural issue within the industry. It's so large that even the slightest error is unacceptable. However, anyone in software knows that a system with 100% availability doesn't exist. In extreme market conditions, the latency caused by high-concurrency transactions is almost at the physical limit. Demanding that Binance "never makes a mistake" is unrealistic. Even Google and Amazon can't guarantee 100% uptime. And this time, it just happened at the worst possible time. CZ retweeted Dragonfly's post, which to some extent indirectly acknowledges the delay in Binance's API at the time. Let me reiterate my point: Binance bears responsibility for this, and has already taken some responsibility (compensating its own users). If users feel the compensation is insufficient and want to pursue their rights, I fully support that. Fight for what you deserve, and let the courts decide. But exchanges tearing each other apart? That benefits no one. Instead of arguing, let's think about whether there are backup routes next time the main road is congested? Are there better solutions? If offshore firms can't unite to establish a joint risk control mechanism, the same thing will happen again. Last December, He Yi and Xu Jinglei were still able to take photos together and even discuss talent mobility, proving that they could communicate effectively. Now, the conflict has escalated to this point, largely driven by public opinion. Humans are inherently bloodthirsty and love a good spectacle; some are praising, some are criticizing, and both sides have people fanning the flames. Hopefully, these industry leaders can set aside past grievances and work together to establish a risk control mechanism for offshore firms, instead of being swayed by online sentiment. Given the current market situation, now is precisely the time for the industry to unite. Both of you are people of vision to have reached this position. I believe you understand better than anyone that there are no winners if this war of words continues.