Recently saw a response from the exchange’s top management regarding the rumors of “employees privately issuing tokens.” The attitude was actually quite candid.
Take the $PALU project as an example—they said this falls under “individual employees making mistakes on their own,” which sounds a bit like shifting the blame to lower-level staff? But then again, isn’t this explanation kind of unconvincing? 🤔
Reminder to everyone: always do your own research (DYOR) on project backgrounds. Platform endorsement doesn’t mean a project is reliable, especially with those new tokens that suddenly pop up. It never hurts to be extra cautious.
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DaoResearcher
· 13h ago
According to the governance framework in the white paper, the term "employee personal trial and error" essentially reflects a failure of the incentive mechanism. It is worth noting that when platform Token Weighted Voting lacks constraints, moral hazard begins to emerge— the $PALU case just happens to provide concrete evidence for this hypothesis.
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GhostInTheChain
· 12-09 16:56
Employee personal trial and error? So when there's a loss, it's collective wisdom, but when there's profit, it becomes individual action?
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GateUser-40edb63b
· 12-09 16:56
Employee personal trial and error? Hearing this phrase really made me laugh. Passing the buck so blatantly is honestly a bit ruthless.
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ColdWalletGuardian
· 12-09 16:55
Employee’s personal trial and error? That’s hilarious, what a smooth way to put it.
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Same old excuse again, looks like the blame is going to be pinned on everyone below.
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There’s nothing wrong with saying DYOR, but the higher-ups passing the buck this time is just ridiculous.
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When a small token suddenly skyrockets, the scariest thing is this kind of “compliance” endorsement. I’m staying away.
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“Personal actions,” sure, but if something goes wrong, you can’t escape anyway.
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You can tell what they’re guilty about just by reading this response. If they were really honest, they would have been open and transparent from the start.
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So what’s up with the people behind $PALU now? Has everyone just moved on?
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I just want to know who’s paying the price for this “trial and error”—is it the low-level employees taking the fall, or retail investors getting dumped on?
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Seen this too many times, it’s always the same playbook: pass the buck, apologize, then nothing happens.
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LiquidationTherapist
· 12-09 16:46
Employee's personal trial and error? Listen to this nonsense excuse, the higher-ups are really good at passing the buck.
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Here we go again with the "we didn't know" script, what a joke.
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Doing your own DYOR is the only way, don't expect the platform to vouch for you.
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The $PALU situation is just absurd. Internal employees issuing tokens can be spun as trial and error?
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To put it bluntly, they just want to dodge responsibility. Tired of hearing these talking points.
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The key issue is that small tokens are ruthless at fleecing retail investors. What's the point of platform endorsement?
Recently saw a response from the exchange’s top management regarding the rumors of “employees privately issuing tokens.” The attitude was actually quite candid.
Take the $PALU project as an example—they said this falls under “individual employees making mistakes on their own,” which sounds a bit like shifting the blame to lower-level staff? But then again, isn’t this explanation kind of unconvincing? 🤔
Reminder to everyone: always do your own research (DYOR) on project backgrounds. Platform endorsement doesn’t mean a project is reliable, especially with those new tokens that suddenly pop up. It never hurts to be extra cautious.