Stumbled upon an old friend in the circle whom I’ve known for years, and suddenly his studio was raided—500 million in profits were confiscated. The main reason was excessive withdrawals, likely also due to internal betrayal and reporting.
In fact, those who have been in the circle long enough understand that holding U and holding RMB are no different—both are stable and highly liquid. There’s no need to risk converting large profits into fiat currency, but some still gamble on “nothing will happen,” and end up taking a big fall.
During economic downturns, the risks in Web3 are never about the industry itself but about improper actions driven by greed and unpredictable human nature. But this also proves that Web3’s returns are real—having assets worth millions under scrutiny is a testament to long-term engagement and confidence.
Web3 family, don’t panic over risks, and don’t lose your rhythm: maintain your interaction pace, control withdrawal scales, stay away from unreliable circles, and focus on completing every task at hand. Our goal isn’t reckless impulsiveness but long-term stability and perseverance. When the wind blows, those who can steady themselves and hold their ground—those who are diligent and patient—are the ones who will catch the candy! Keep going, enduring through tough times will lead to better days!
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Stumbled upon an old friend in the circle whom I’ve known for years, and suddenly his studio was raided—500 million in profits were confiscated. The main reason was excessive withdrawals, likely also due to internal betrayal and reporting.
In fact, those who have been in the circle long enough understand that holding U and holding RMB are no different—both are stable and highly liquid. There’s no need to risk converting large profits into fiat currency, but some still gamble on “nothing will happen,” and end up taking a big fall.
During economic downturns, the risks in Web3 are never about the industry itself but about improper actions driven by greed and unpredictable human nature. But this also proves that Web3’s returns are real—having assets worth millions under scrutiny is a testament to long-term engagement and confidence.
Web3 family, don’t panic over risks, and don’t lose your rhythm: maintain your interaction pace, control withdrawal scales, stay away from unreliable circles, and focus on completing every task at hand. Our goal isn’t reckless impulsiveness but long-term stability and perseverance. When the wind blows, those who can steady themselves and hold their ground—those who are diligent and patient—are the ones who will catch the candy! Keep going, enduring through tough times will lead to better days!