Was Binance, the largest crypto exchange, responsible for the crash on October 10, 2025?
Many in the crypto industry remember: On October 10, 2025, crypto prices suddenly plummeted. Bitcoin fell hard from its high of more than $120,000, and since then, the prices of crypto assets have not recovered. Rather, unlike gold for example, they continue to decline steadily. But what really happened on October 10?
Almost four months after the devastating flash crash of October 10, 2024, in which approximately $19.16 billion was liquidated, a public controversy has erupted over the causes of the collapse. At the center of the debate are differing explanations from industry leaders about whether structural problems with individual products or broader market factors were responsible for the crash.
OKX CEO blames leverage loops
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