Binance campaign triggered October crypto collapse, says OKX CEO – DL News
- OKX CEO Star Xu has blamed October’s crash on a Binance marketing campaign.
- Xu argued in a social media post that a Binance product led to too much leverage.
- Bitcoin and other digital assets have struggled to recover since October.
Months after more than $19 billion was liquidated in crypto bets and the digital asset market is yet to really recover.
Now, CEO of crypto exchange OKX, Star Xu, has said that Binance partly bears responsibility for the wipeout.
“No complexity. No accident,” Xu wrote on X Friday. “10/10 was caused by irresponsible marketing campaigns by certain companies.”
No complexity. No accident.
10/10 was caused by irresponsible marketing campaigns by certain companies.On October 10, tens of billions of dollars were…
