wangsy2008

The Ethereum community has come up with a new initiative. The Ethereum Community Foundation has announced that it will tokenize the already burned ETH into a new token called BETH, serving as a proof of destruction. Simply put, this action of 'burning' has also become an asset that can be held and verified.

This move can be said to have pushed the composability of DeFi to its limits, further strengthening the meme of Ethereum as 'ultrasound money'. Ethereum co-founder Joseph Lubin has personally endorsed it, indicating its importance.

While Bitcoin is still entangled in the age-old debate of being a 'payment tool' or 'store of value', Ethereum has already begun to surge in the uncharted territory of financial innovation. This also indirectly explains why an increasing amount of large capital has chosen to rotate from BTC to ETH recently.

#dexx 1, Bybit faces a loss of around 9% of assets and has sufficient solvency. Meanwhile, DEXX has suffered over 90% asset loss. I believe that if Bybit were to experience a 90% loss today, they would not be able to handle it as quickly.

2. You compare a platform and team with five to six years of experience to our small team that has only been around for a few months in handling such a crisis; you certainly hold me in high regard, but I don't deserve it.

3. Countless industry leaders have come forward to help Bybit, but what do we have? At that time, DEXX was so poorly regarded that even dogs would shake their heads at it. If only one prominent figure could come forward, not even to offer money, but just to say a word of support, it could have made a big difference. The reality is that many professional institutions in the industry can discern that it is not a case of self-dealing, yet no one is willing to speak out.

4. I don't understand what you mean by hiding. Have I gone missing, or have I just had to temporarily filter through various phone calls and information bombardments? Otherwise, you cannot handle or advance any matters. You have not experienced this, so you cannot understand the situation at that time. Of course, I also do not wish for you to have such unfortunate experiences. The moment your core market KOL shifts the blame to self-dealing, you become a fraud in the eyes of retail investors, and you will bear the brunt of overwhelming public outrage and legal issues. The internal team is on the brink of collapse. At such a time, you need to coordinate internal and external teams to identify specific issues, track hackers, upgrade security, raise funds, and resolve a series of internal and external problems. It is essential to understand that a centralized exchange being hacked and a large-scale on-chain theft are entirely different concepts, and I believe with your intellect, you cannot comprehend this, so I won't elaborate.
Lastly, do you think that what you consider hiding means I haven't kept a space open 24/7? Do you think hiding means I should respond to tens of thousands of messages instantly? Or should I learn from Mr. Ben to handle repayments decisively at the first opportunity and keep the space open to provide real-time updates? Thank you; you hold me in very high regard by comparing me to a five-year-old established top CEX. If DEXX could survive for another six months, had more financial reserves, and a stronger team, the situation could have improved a lot.
I am proud to be a member of the post-90s generation.