Binance campaign triggered October crypto collapse, says OKX CEO
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.”
“As the largest global platform, Binance has outsized influence — and corresponding responsibility — as an industry leader,” he added, claiming that an attractive stablecoin yield offering from Binance led to the cascade of liquidations.
Bitcoin and other digital assets have struggled to make gains since October’s crash. Major digital coins and tokens…
