US EditionCZ Pushes Back Against Binance 'FUD' as Blame Game for Crypto Crash Persists
Industry leaders debate whether Binance's USDe collateral use or macroeconomic conditions caused the October 10 crypto crash, with leverage and liquidity issues cited by both sides.
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8 Articles
Web3 CEOs Clash Over Who Caused Crypto’s 10/10 Black Friday Crash
The October 10, 2025 crypto market crash, which triggered an estimated $19–28 billion in forced deleveraging, is yet again reigniting debate among Web3’s most influential executives. On Oct 1o, crypto experienced a shock that liquidated roughly $19 billion of leveraged positions within hours. During the peak of the event, Binance’s USDe on-venue price briefly dislocated. The post Web3 CEOs Clash Over Who Caused Crypto’s 10/10 Black Friday Crash …
OKX CEO blames irresponsible USDe yield campaigns for October flash crash – #CryptoUpdatesGNIT
OKX CEO Star Xu said the October 10 crash was not an accident but was the result of high-risk yield campaigns tied to USDe that normalized hidden leverage, pushing back after Binance released a report attributing the turbulence to macroeconomic shocks and market-structure issues. In a statement issued on Friday, Xu argued that the incident, which triggered over $19 billion in liquidations within 24 hours and affected 1.6 million traders, “was ca…
Binance has been accused by the CEO of the exchange OKX of being responsible for the biggest collapse in the history of the crypted sector in terms of liquidated capital, which took place on October 10, 2025, an episode whose consequences are still felt in January 2026. Faced with this narrative, Changpeng Zhao, founder of Binance, broke the silence and strongly rejected the accusations that the exchange would have contributed to the worsening o…
The difficult market situation in which the crypto space has been in place for months has been a clear culprit for OKX CEO Star Xu – Binance. Source: BTC-ECHO BTC-ECHO
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