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The major earthquake in the crypto market in November 2022 caused many people to suffer losses. My lesson was particularly profound—I had a sum of funds earning interest on a major exchange at the time, and I didn't expect the crash to come so quickly. Fortunately, I reacted promptly and transferred most of my funds to another exchange to safeguard them. However, I still couldn't withdraw 5000U in time.
Seeing the withdrawal channels close, I felt a bit panicked. I heard there might be rescue plans, so I decided to take a gamble—during the sharp dip in the coin price, I used 5000U to exchange for TRX at nearly 10 times the price difference. I initially thought I could recover something from this turmoil, but in the end, I still couldn't withdraw the coins. Honestly, this move was quite a heavy loss.
This experience made me deeply realize that even the largest exchanges carry risks. Concentrating holdings on a single platform can lead to disaster when a black swan event occurs. Looking back now, the risky coin exchange operation at that time was quite helpless—facing both withdrawal difficulties and a plummeting price, every step was a gamble.