Changpeng 'CZ' Zhao refutes claims that Binance was responsible for the $19 billion crypto crash, attributing it to systemic market forces.Changpeng 'CZ' Zhao refutes claims that Binance was responsible for the $19 billion crypto crash, attributing it to systemic market forces.

Binance’s CZ Denies $19B Crypto Crash Allegations

Changpeng Zhao Refutes Binance's Role in Crypto Crash
Key Points:
  • CZ rejects Binance’s role in $19B crypto crash.
  • Market impacted by leverage unwinds, volatility.
  • Exchange allocated $600M compensation for related issues.

Changpeng “CZ” Zhao, Binance’s co-founder, dismissed claims linking Binance to the October 10, 2025, crypto crash as “absurd” and “far-fetched.” He attributed the $19 billion liquidation to market forces like leverage unwinds and widespread volatility.

Changpeng “CZ” Zhao, former CEO of Binance, refuted claims that the platform caused the $19 billion crypto crash on October 10, 2025, attributing it to systemic market forces.

The event highlights systemic vulnerabilities, with the broader market experiencing over $1 trillion in capital losses, underscoring crypto’s volatility challenges.

Former Binance CEO Changpeng Zhao’s Response

Former Binance CEO Changpeng Zhao rejected claims during a live AMA that Binance was responsible for the $19 billion crash, blaming systemic factors like leverage unwinds. Bitcoin saw a sharp fall, illustrating market volatility and leverage risks. Zhao described assumptions of Binance being a singular cause as far-fetched and absurd.

– Changpeng “CZ” Zhao, Former CEO and Co-founder of Binance – source

Bitcoin fell significantly, which affected the entire crypto market, leading to $19 billion in liquidations. Binance pledged $600 million to users hit by technical issues but distanced itself from the broader market plunge.

The crash spurred regulatory scrutiny, yet no immediate measures followed. Zhao labeled the allegations a mixture of misinformation and platform-specific glitches challenges. Experts like Guy Young cited internal oracle failures affecting USDe’s stability as isolated incidents.

Such significant liquidations highlight the market’s reliance on leverage, necessitating robust risk management strategies moving forward. Analysts emphasize learning from these events to mitigate future risks. Key trends suggest an increasing focus on exchange transparency and system resilience in handling extreme market volatility.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
FCA komt in 2026 met aangepaste cryptoregels voor Britse markt

FCA komt in 2026 met aangepaste cryptoregels voor Britse markt

De Britse financiële waakhond, de FCA, komt in 2026 met nieuwe regels speciaal voor crypto bedrijven. Wat direct opvalt: de toezichthouder laat enkele klassieke financiële verplichtingen los om beter aan te sluiten op de snelle en grillige wereld van digitale activa. Tegelijkertijd wordt er extra nadruk gelegd op digitale beveiliging,... Het bericht FCA komt in 2026 met aangepaste cryptoregels voor Britse markt verscheen het eerst op Blockchain Stories.
Share
Coinstats2025/09/18 00:33
Pi Network Mainnet Update: 16 Million Verified Users Join Global Blockchain Ecosystem

Pi Network Mainnet Update: 16 Million Verified Users Join Global Blockchain Ecosystem

Pi Network Surpasses 16 Million Verified Mainnet Users Pi Network, one of the fastest-growing blockchain ecosystems, has reached a major milestone: over 16 mil
Share
Hokanews2026/01/31 23:28