🙋‍♂️

CZ RESPONDS: “BINANCE DID NOT TRIGGER THE $19B CRYPTO MELTDOWN”
The debate is getting louder — and Changpeng Zhao isn’t staying silent.
Binance founder CZ has strongly denied allegations that Binance was behind October’s massive $19 billion liquidation wave, calling the claims “far-fetched and misleading.”
According to CZ, the crash wasn’t sparked by Binance mechanics or system failures. Instead, he pointed to excessive leverage, panic-driven trading, and market-wide volatility as the true drivers — not any single exchange.
Yes, there were reports of price gaps and system pressure during peak volatility. But CZ insists that blaming Binance alone ignores the bigger picture of an overleveraged market pushed to its limits.
📌 Notably, Binance reportedly distributed ~$600 million in compensation to affected users. CZ framed this as responsibility toward users, not an admission of wrongdoing.
As crypto markets remain fragile, scrutiny on exchanges is only intensifying — and this likely won’t be the last round of finger-pointing.
💭 So what really caused the crash? Exchange mechanics…
or a system drowning in leverage?
👉 Follow Wendy for the latest crypto updates.
#CryptoNews #Bitcoin$BTC
{spot}(BTCUSDT)
$SOL
{spot}(SOLUSDT)
#Binance #CZ #cryptocrash #Sol #BTC #MarketVolatility