Home BlockchainBinance Co-CEO Breaks Silence, Provides Insight On October 10 Liquidation Event

Binance Co-CEO Breaks Silence, Provides Insight On October 10 Liquidation Event

by NewsBTC
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Binance is pushing back against claims that it played a central role in the massive liquidation wave that swept through crypto markets on October 10, an event widely described as the largest in the industry’s history.

In the aftermath of roughly $19 billion in wiped‑out positions, some market participants accused the exchange of manipulating prices for its own gain.

Binance co‑CEO Richard Teng has now addressed those allegations directly, insisting the platform was not “the sole trigger” of…

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