Binance caused the massive crash, real scammer is Binance!
Binance caused the massive crash, real scammer is Binance!
Binance is the reason many people got liquidated because Binance is actively manipulating the market and when their system glitched it wiped out so many positions, Binance is the real culprit, facts.
Not that I don’t believe you but can you provide us a valid source on where to look this up? Otherwise you’re just spitting nonsense.
One of the possible reason might be the synthetic stablecoin from Ethena (USDe) that briefly lost its peg on Binance, dropping to around $0.65 while on all other platforms it remained at $1 because Binance use it’s own internal pricing oracle to value collateral in margin accounts, so when it happened, it created mass liquidations of positions that used USDe as collateral.
And this shit pulled down Binance’s internal price index for BTC, ETH, and of course all the other assets followed the crash and liquidated everybody that had leverage position opened.
