Binance Is Stuck in the Middle of a $19 Billion Conspiracy Theory—and It's Killing Bitcoin's Momentum

Binance is stuck in the middle of a $19 billion conspiracy theory—and it's killing bitcoin's momentum

Months after the Oct. 10 liquidation cascade, market depth has yet to recover, and traders are divided over Binance's role as bitcoin continues to crash.

Binance is stuck in the middle of a $19 billion conspiracy theory—and it's killing bitcoin's momentum - Technology Shout

At first glance, the $19 billion liquidity evaporation that occurred on October 10 looks ordinary: like Bitcoin, major exchanges saw a series of rapid liquidations or forced liquidations of trading positions Bitcoin$The largest cryptocurrency plunged. What happened next and the lack of transparency into the day’s events resulted in the largest single-day liquidation by dollar value in cryptocurrency history, frustrating traders and fundamentally…

Binance Under Scrutiny After Historic $19B Crypto Liquidation on October 10

The $19 billion crypto liquidation on October 10 initially appeared to be another routine market shakeout, as bitcoin plunged sharply and leveraged positions were rapidly wiped out across major exchanges. However, what followed has turned the event into the largest and most controversial single-day liquidation in crypto history, reshaping trader confidence and market structure. At the center of the debate stands Binance, the worlds largest crypt…

OKX and Binance Clash Over Causes of Devastating October 10 Market Collapse

TLDR: OKX CEO Star claims Binance’s 12% APY USDe promotion blurred distinctions between stablecoins and hedge funds.  Users created leverage loops by borrowing USDT against USDe collateral, repeating the cycle multiple times.  Haseeb Qureshi notes Bitcoin bottomed 30 minutes before USDe moved, challenging the causation narrative.  Technical failures including Binance API outages and Trump tariff announcements compounded October 10 volatility.  …

Binance: October Flash Crash Was a Macro Liquidation Spiral — Not Exchange Failure

Binance is pushing back hard against blame for October’s crypto flash crash, arguing macro shocks, leverage and liquidity dynamics — not exchange failures — drove a synchronized global sell-off that hit crypto and equities alike. Binance Rejects Glitch Claims, Blames Macro Shock for October Crypto Crash Market dislocations often trigger competing narratives about responsibility and […]

OKX CEO Criticizes Binance Over October 10 Market Crash - Details

OKX CEO Star Xu has publicly accused Binance of being central to the October 10 crypto market crash that wiped out tens of billions of dollars, causing damage that many described exceeded the fallout from the FTX collapse in 2022. Star Xu: Binance USDe Marketing Responsible For October 10 Crash In a detailed statement on X, Star Xu said the October 10 sell-off was not a complex or mysterious market event, but the direct result of “irresponsible …