Changpeng Zhao rejects claims Binance worsened crypto market crash — TradingView News
Former Binance CEO Changpeng “CZ” Zhao has pushed back against allegations that the cryptocurrency exchange played a role in the largest liquidation event in crypto history, a sell-off whose effects are still rippling through markets more than three months later.
Speaking during a Q&A session on Binance’s social media channels, Zhao denied that Binance was a major contributor to the record wave of forced liquidations on Oct. 10, when roughly $19 billion in positions were wiped out across the crypto market.
Zhao described claims that Binance was responsible for the crash as “far-fetched,” according to Bloomberg.
“There are a larger group who claim the October 10th crash was caused by Binance and wants Binance to compensate…
