The post Binance’s CZ Addresses October 11 Flash Crash Accusations appeared on BitcoinEthereumNews.com.

Key Points: Zhao Changpeng responds to accusations linking Binance to the October 11, 2025 flash crash. He dismisses claims as “distorted FUD.” Binance compensated users and invested in recovery funds. Zhao Changpeng, Binance founder, addressed accusations linking the platform to the October 11, 2025 crypto flash crash, deeming them unfounded while committing to future industry work. This incident highlights ongoing challenges in crypto markets and scrutiny Binance faces, emphasizing the need for robust industry practices and investor confidence in digital asset trading frameworks. CZ Dismisses $19 Billion Liquidation Allegations as FUD Zhao Changpeng described the accusations against Binance as “distorted FUD” and emphasized the company’s commitment to industry growth. He highlighted Binance’s actions, including compensations exceeding $328 million and a $300 million recovery fund. In contrast, other industry figures like Star Xu and Cathie Wood attributed the crash to mismanagement or software issues. The flash crash on October 11, 2025, resulted in over $19 billion being liquidated within a 24-hour period. Bitcoin’s price fell by approximately 15%, and over 16,000 accounts were severely impacted. These events reflect the volatility of the cryptocurrency market and raise questions about the robustness of exchange operations and investor protections. BingX offers exclusive rewards and top-tier security for new and high-volume crypto traders. “The crash resulted from broader market conditions, not a failure on our platform,” – Zhao Changpeng (CZ), Binance Founder. Star Xu, CEO of OKX, criticized Binance for its marketing strategies related to the USDe stablecoin, suggesting these actions contributed to the liquidations. Meanwhile, Cathie Wood from Ark Investment blamed a software failure on Binance’s platform, affecting $28 billion in positions. Market Volatility Sparks Debate Over Exchange Robustness Did you know? The October 11, 2025 flash crash is compared to past events like the FTX collapse, marking one of the largest single-day losses…

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Filed under: News - @ February 1, 2026 8:13 pm