What's going on lately? Everyone's talking nonsense and gossiping, even bringing up old stories from the 2018 '517 BTC legend'. I suspect many newcomers don't understand #OKX Let's briefly recap that big drama from back then: One account went on a rampage, placing over 50,000 BTC long orders with extremely high leverage in a very short period. The platform's risk control guy was on the phone non-stop: "Dude, take it easy, can you reduce your position? The market can't take it!" The reply was: No! Then BTC plummeted, leveraged positions collapsed, and not only did I lose everything, but I almost wiped out all the long positions across the platform. If we really didn't do anything, who would get hurt? It would be us, the normal All In, the casual traders, and the spot market participants! What did OKX do back then? - Freeze and enforce the agreement to stop the bleeding. - He personally contributed 2,500 BTC from his own savings to the insurance pool to cover the losses of retail investors (this money didn't fall from the sky, it's real cash). Risk control has evolved dramatically in recent years: mark price, position limits, automatic position reduction via ADL... Now, anyone who dares to play like that would instantly become a museum exhibit. Where were they all this time? Now they're yelling for their 517 back, accusing the platform of cheating them. Please, that was a contract negative balance recovery, clearly stated in the agreement. The spot portion wasn't traded in the contracts back then, and the platform already covered it out of its own pocket—that's generous enough. What more do they want? To pack it up and send it home? OKX never pretends to be a saint, but it's definitely not a den of thieves. The platform protects the majority of people in the market, not some whale's All In universe dream. If you can afford to gamble, go all in; if you can't, just sit back and wait for your contracts to expire. Contracts are inherently risky, so no one should play the victim. Upgrading risk control is for everyone to survive longer, not to target anyone. The bull market is halfway open; let the grudges from May 17th remain buried in the coffin of 2018. To be honest, I admire him a lot. He's a big shot who can open such a large position. But this method won't work now! For those who don't understand, take another look at the pictures. You should get the gist of it and learn some of his cool moves, haha ​​😀. Paired with the video I posted before, it's absolutely amazing! @star_okx @Haiteng_okx Haha

This is what happens when the market is bad.

This is an old story; newcomers probably don't even know it.