Dexe should have suffered losses for many people, with its market value plummeting from $49 to $1.5, a 95% drop from its market value of $4.9 billion, and it is still at the bottom When pulling the market, silently pull it, and when the market pays attention, directly smash it. It's really CS. Recently, my feeling when playing with demonic coins is that projects like this, which directly crash and smash the market, are relatively rare. Dexe is one of them The possibility of such a project party directly smashing the market is not very high. After all, who is smashing the market at a high level? @Dexerto is an official collateral asset project supported by @ falconflinance, a project under DWF. Its official documentation clearly states that the collateral assets deposited by users into the platform will not be managed by Falcon itself, but will be uniformly entrusted to third-party institutions such as OES, Ceffu (MirrorX), and Fireblocks for management And the working method of Ceffu MirrorX is as follows: Keep the assets in Ceffu Custody and generate a 1:1 mapping position on the exchange. Simply put, the exchange can directly use this mapping position for trading, risk control, margin adjustment, and price protection, while the original assets remain in the Ceffu custody system The potential risk is that malicious individuals can use the assets mapped in FF to sell on the exchange first, without the need to recharge the local currency to the exchange in advance and settle on the chain afterwards Usually when we play with demonic coins, we look at the data on the chain. If there are wallet addresses on the chain that have made large or multiple transfers to the exchange, we will be alert and ask if the market maker is going to ship? Or is it about raising prices to attract more and then shipping? The very strange thing about Dexe is that before any transfer occurs on the chain, the coin price drops sharply first, which means that the coin price drops sharply first, and then there is a transfer behavior of recharging to the exchange. This operation goes against common sense. So, this is how we play: Giant Whale Recharge Exchange → Possible Preparation to Sell Coins → Market Early Warning Dexe now allows institutions to complete transactions first and then settle on chain, so can on chain data still serve as market warnings? Why can transactions be completed first and then settled on chain, while Binance doesn't know? If MirrorX and other custodial trading models cause information asymmetry? If the mechanism of MirrorX is: Custody assets → Mapping exchange accounts → Completing transactions → Final on chain settlement So, is the on chain data seen by ordinary investors real-time information or historical records after transactions have occurred? Is this a loophole or cheating, or has this technology already broken through the risk control system of the exchange? If market makers do this, it will be a big harvester for the cryptocurrency industry Hope Binance can protect the rights and interests of individual investors