CZ slams “paid attacks” blaming Binance for crypto’s worst day
The former head of Binance has pushed back against claims that the world’s biggest cryptocurrency exchange played a role in last October’s massive market downturn, calling such allegations unrealistic.
Changpeng Zhao, who previously led Binance as chief executive and helped establish the company, spoke during a question-and-answer event held on the exchange’s social media platform. He rejected suggestions that his former company triggered the wave of forced position closures that happened when traders ran into system errors and pricing problems on the site. The exchange later paid out roughly $600 million to affected customers and trading firms.
“There are a larger group who claim the October 10th crash was caused by…
