🚨 OKX CEO @star_okx criticizes Binance @binance as the main cause of the crypto market crash 10/10 🌪 The "flash crash" event on October 10, 2025, resulted in the liquidation of tens of billions of dollars and created long-lasting negative repercussions. 🔹 OKX CEO Star Xu believes this crash caused serious damage and targeted short-term growth-oriented behavior, high APY advertising, and systemic risks from Binance, which burdened the market, although he did not name names. 🔹 The community and some leaders, such as Cathie Wood (ARK Invest), also criticized Binance's "software error/asset segregation" that exacerbated the liquidation. 📉 This event is XEM the main reason why the crypto market subsequently remained weak and lost its recovery momentum. #Crypto #Binance OKX #marketcrash
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Star
@star_okx
01-31
No complexity. No accident.
10/10 was caused by irresponsible marketing campaigns by certain companies.
On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day.



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