#交易平台安全风险与保护机制 This incident of the Whale leaving HyperLiquid reminds me of my experience from many years ago. Back then, I also invested with full confidence in a seemingly promising project, only to encounter a "black swan" event that resulted in total loss. Looking back now, that lesson taught me to assess risks more cautiously.

This Whale trader, despite having rich experience, still could not avoid the huge losses on October 10th. This once again proves that even "experts" find it difficult to predict and respond to extreme market fluctuations. As ordinary users, we need to be more vigilant about various potential risks and not overly rely on any platform.

The point mentioned by the Whale that "the protection agreement does not equal protecting traders" is worth pondering. Indeed, there is still significant room for improvement in user protection within the current crypto industry. As users, we need to actively voice our opinions to promote industry progress; at the same time, we must recognize the reality and take steps for self-protection. After all, in this emerging field, it is still too early to fully rely on external protection mechanisms.

Overall, this incident has once again sounded the alarm for us: never underestimate the uncertainty of the market, nor overestimate your own abilities. Staying vigilant, controlling risks, and participating moderately is the right way to survive in this industry for the long term.