Binance Co-CEO Breaks Silence, Provides Insight On October 10 Liquidation Event
Binance is pushing back against claims that it played a central role in the massive liquidation wave that swept through crypto markets on October 10, an event widely described as the largest in the industry’s history. In the aftermath of roughly $19 billion in wiped‑out positions, some market participants accused the exchange of manipulating prices for its own gain. Binance co‑CEO Richard Teng has now addressed those allegations directly, insisting the platform was not “the sole trigger” of the turmoil and that the selloff hit the entire digital asset ecosystem. Binance Co-CEO Breaks....
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Rumors of a possible US Securities and Exchange Commission (SEC) investigation into Binance have resurfaced long‑running questions about the October 10, 2025 liquidation event, the largest market wipeout in crypto history. October 10 Crash Back In Focus For context, during the October 10 event, roughly $19 billion in leveraged positions were liquidated, with $3.21 billion […]
In response to mounting speculation and accusations circulating within the crypto community, Binance CEO Changpeng Zhao (CZ) has addressed allegations of a significant sell-off of Bitcoin (BTC) by Binance. These allegations have been linked to a 7% BTC price drop. CZ took to Twitter to respond, reposting a thread by a user named ZkHopium, who provided a detailed analysis debunking the claims and highlighting the fundamental basis of the situation. Related Reading: Shiba Inu Burn Tracker Unveils SHIB Association, What Is It About? CZ Debunks Allegations Of Bitcoin Dumping The thread by....
Changpeng Zhao, the former CEO of Binance, the world’s largest cryptocurrency exchange by trading volume, made his anticipated return to the public eye at the Binance Blockchain Week in Dubai on Wednesday. This appearance marks his first since serving four months in prison, which has reshaped his outlook on life and leadership. CZ Reflects On […]
The Ethereum price saw a notable price plunge on Monday when the Ethereum Foundation reportedly started selling coins. This plunge, in turn, triggered a series of liquidation events that have seen ETH traders suffer massive losses in the last day. Ethereum Liquidation Volumes Cross $30 Million. By Tuesday, October 10, the Ethereum liquidation numbers triggered by the price crash ramped up quickly to cross the $32 million market. As expected, long traders suffered the majority of the losses with Coinglass data pointing to 87.61% of all ETH liquidation volumes coming from long traders.....
Crypto liquidations across the market have ramped up in the last 24 hours. Digital assets in the space suffered declines in the last day, which has led to hundreds of millions of dollars being wiped from traders. These liquidations span the entire crypto market with hundreds of thousands of traders getting caught in one of the worst liquidation events of 2022. $830 Million Shaved Off Crypto Market In the space of 24 hours, there have been more than $830 million in liquidations recorded across the crypto market. It marks the second-largest liquidation event recorded so far in 2022, only....