October 11 crypto market crash: Was it an organized attack? A detailed analysis
The black swan event of October 10th and 11th led to the largest liquidation in crypto history, totaling $19.3 billion, News.Az reports.
While initial reports attributed the cause to market panic caused by the tariff announcement, a deeper analysis of the data raises questions. Was this a coordinated attack on Binance and USDe holders? Let’s examine the evidence.
Question 1: Why these three assets?
The most puzzling aspects of this crash center around three specific assets whose prices collapsed catastrophically, but only on Binance:
USDe: Plummeted to $0.6567 on Binance, while remaining above $0.90 on other exchanges.
wBETH: Crashed to $430 on Binance, 88.7% below ETH’s normal…
