#系统风险事件 Seeing this Flow incident, I am reminded of the pitfalls I have encountered over the years. $3.9 million was stolen, and the token price plummeted 45%. But do you know what the most heartbreaking part is? The official initially gave vague statements, and only later said "user deposit safety"—I've heard this line too many times.

This is the most authentic representation of systemic risk. It’s not as simple and straightforward as project teams running away; rather, at moments when you are least prepared, vulnerabilities at the protocol layer turn your assets into someone else’s ATM. Attackers use bridges to drain funds, wallets are flagged but still used for Thorchain laundering. In this process, many people’s stop-loss orders were not triggered and were already liquidated.

What I want to say is, when a security incident occurs on a chain, don’t just rest assured because of the phrase "user deposit safety." Look at: How long does it take to fix? How well are node deployments coordinated? How much can the exchange freeze requests hold? These details determine whether you can survive long enough. I’ve seen too many people become complacent because the official says "nothing's wrong," only to find out during withdrawal that liquidity has already dried up.

The secret to surviving on-chain for a long time is simple: when a major event happens, don’t listen to stories—pay attention to the details.