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Former Binance CEO Rejects Blame for October’s Crypto Market Sell-Off
Changpeng Zhao, the former CEO of Binance, recently denied allegations that the exchange played a major role in the largest liquidation event in cryptocurrency history. The market crash on October 10 wiped out around $19 billion in positions across the industry, sparking accusations against Binance. Zhao dismissed these claims as “far-fetched,” asserting that Binance was not responsible for the widespread sell-off. On October 10, the crypto market experienced a significant sell-off, wiping out billions in positions. Binance found itself at the center of scrutiny following a sharp depeg of Ethena’s USDe ... (full story)
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