tl;dr:
be me
see Trump tweet tariffs, market nukes
check Binance, my USDe collateral is worth pennies
get liquidated instantly
find out it was a planned attack
some gigachad dumped on Binance to exploit their flawed price system
triggered a $19B cascade while they made $192M shorting it elsewhere
mfw my portfolio was sacrificed to cover a Binance bug

The Oct 11 Crypto Crash — What Really Happened
TL;DR:
Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.
That localized depeg triggered

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Source: Galaxy Research; Translation: Jinse Finance xz
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