Binance USDe Yield Program Sparks Crypto Market Turmoil

House Of Crypto Divided As OKX And Binance Clash Over 10/10 Controversy

OKX and Binance figureheads and supporters clashed on social media as an exposé pinned the latter as the culprit for the deep liquidations during the 10/10 flash crash. Star Xu, Founder and CEO of OKX, has dropped a bombshell on the 10/10 (October 10) crypto flash crash last year, as Bitcoin (BTC) and altcoins braced for multibillion-dollar liquidations this weekend. The exposé, pinning the blame once more on Binance, put the crypto exchange co-…

CZ, Haseeb And Wintermute Push Back On OKX CEO’s October Crash Narrative

The debate over what truly triggered the violent October 10 crypto market sell-off is heating up again, as major industry leaders publicly challenge OKX CEO Star Xu’s claim that Binance and Ethena’s USDe yield mechanics were the root cause of the collapse. In recent days, Binance founder Changpeng Zhao (CZ), Dragonfly Capital partner Haseeb Qureshi, and Wintermute founder Evgeny Gaevoy have all pushed back strongly against the narrative, arguing…

Binance Not Responsible for Worsening Market Crash: CZ

Binance founder Changpeng Zhao, aka CZ, has dismissed claims that the exchange is complicit in major market crashes, especially the infamous one in October last year that wiped out hundreds of billions of dollars. He stated that these claims are “far-fetched” and have no logical merit. The crypto sector saw more than $19 billion in liquidations […]

CZ Rejects Blame for $19B Crypto Crash: "Far-Fetched" Accusations

Key Insights Changpeng Zhao, Binance’s founder, rejected accusations that his platform caused the October 10, 2025. During a recent interview, Zhao described the blame as “far-fetched,” emphasizing that price discrepancies affected users across exchanges. CZ’s denial renews scrutiny on exchanges, highlighting liquidity issues, oracle risks, and fragile crypto derivatives markets. The crypto world faced a huge shock on October 10, 2025. A sudden…

Wintermute Dismisses Claims Binance Caused October Crash

Wintermute founder Evgeny Gaevoy dismissed claims that Binance caused the October 10 crypto market crash, calling attempts to blame a single exchange “intellectually dishonest.” Writing on X, Gaevoy called the event as “a flash crash on mega leveraged market on…

Binance Denies Role in October 2025 Flash Crash, Blames Macro Risk-Off Move More Stories ETHNews

Binance has released a detailed post-mortem report and followed up with a public AMA from founder Changpeng Zhao, formally rejecting claims that the exchange caused the October 10, 2025 cryptocurrency flash crash. The exchange characterized the episode as a systemic, macro-driven risk-off event, arguing that market structure and external shocks, not platform failures, were responsible for the violent price dislocations. The clarification comes m…