{"id":21034,"date":"2026-01-30T22:42:19","date_gmt":"2026-01-30T22:42:19","guid":{"rendered":"https:\/\/bitunikey.com\/news\/what-crash-binances-cz-rejects-claims-platform-caused-19b-crypto-crash\/"},"modified":"2026-01-30T22:42:41","modified_gmt":"2026-01-30T22:42:41","slug":"what-crash-binances-cz-rejects-claims-platform-caused-19b-crypto-crash","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/what-crash-binances-cz-rejects-claims-platform-caused-19b-crypto-crash\/","title":{"rendered":"What crash? Binance\u2019s CZ rejects claims platform caused $19b crypto crash"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Changpeng \u201cCZ\u201d Zhao, co-founder and former CEO of Binance, defended the world\u2019s largest cryptocurrency exchange against accusations that it played a central role in last October\u2019s $19 billion market crash. <\/p>\n<p>Speaking in a live ask-me-anything session on Binance\u2019s platform, Zhao called such claims \u201cfar-fetched\u201d and said they ignore broader market dynamics, Bloomberg <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-30\/binance-founder-zhao-fends-off-crypto-market-crash-accusations?srnd=phx-crypto\" target=\"_blank\" rel=\"nofollow\">reports<\/a>.<\/p>\n<div id=\"cn-block-summary-block_209946a2715416111023d8b1ba68f9ac\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Zhao called claims that Binance caused the $19 billion crypto crash in October 2025 \u201cfar-fetched.\u201d<\/li>\n<li>Binance provided around $600 million to affected users and operates under Abu Dhabi regulation and US monitorship, with Zhao noting system issues were already addressed.<\/li>\n<li>Zhao was pardoned by Trump in 2025, and is reportedly close to a deal removing Binance\u2019s compliance monitor requirement.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On October 10, record liquidations erased roughly $19 billion in leveraged crypto positions\u2014the largest single-day sell-off in the sector\u2019s 16-year history. <\/p>\n<p>Users reported technical glitches and pricing discrepancies on exchanges, including Binance, triggering panic selling. Binance later compensated customers and businesses around $600 million for losses linked to platform issues.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Changpeng \u201cCZ\u201d Zhao, co-founder and former CEO of Binance, defended the world\u2019s largest cryptocurrency exchange against accusations that it played a central role in last October\u2019s $19 billion market crash.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":21035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21034"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21034\/revisions"}],"predecessor-version":[{"id":21036,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21034\/revisions\/21036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/21035"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}