The fact that the top two offshore exchanges are arguing like this is really not a good thing for the industry. If Binance weren't an offshore liquidity hub, the 1011 crash wouldn't have caused such significant damage. Binance is like the main highway; if it gets congested, the entire transportation network is paralyzed. Normally, it's only right to compensate one's own users when something goes wrong. But Binance is too important; if something happens to it, the entire industry is affected. Binance certainly bears some responsibility, but this is also a structural problem within the industry. It's so big that it can't afford to make even the slightest mistake. However, anyone in the software industry knows that a system with 100% availability doesn't exist. Under extreme market conditions, the latency caused by high-concurrency transactions is almost the physical limit. Expecting Binance to "never make a mistake" is unrealistic; even Google and Amazon's uptime can't be 100%. And this time, it just happened at the worst possible time. CZ retweeted Dragonfly's post, which can be seen as an indirect admission that Binance API was delayed at the time. Let me reiterate my point: Binance bears responsibility in this matter, and has already taken some responsibility (by compensating its own users). If any users feel the compensation is insufficient and wish to pursue their rights, I fully support them. They should fight for what they deserve, and let the judiciary decide. But if exchanges start fighting amongst themselves, it won't benefit anyone. Instead of arguing, we should think about whether there are backup roads next time the main road is congested, and whether there are better solutions. If offshore firms cannot unite to establish a common risk control mechanism, the same thing will happen again. Last December, He Yi and Lao Xu were still able to take photos together and even talk about the issue of talent mobility, which proves that the two can communicate. The current state of the conflict is largely driven by public opinion. Humans are inherently bloodthirsty and love a spectacle; some are praising, some are criticizing, and both sides have their share of instigators. Hopefully, the bigwigs can set aside past grievances and work together to establish risk control mechanisms for offshore offices, instead of being swayed by online sentiment.