Cathie Wood clarifies: The 1011 flash crash was not actually triggered by Binance.

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According to BlockBeats, on May 7th, Cathie Wood, affectionately known as "Cathie Wood," recently had a podcast conversation with CZ. In the conversation, Cathie Wood clarified her comments on the 1011 crypto market flash crash last year. She stated that Binance did not actually trigger a flash crash; rather, the crash was caused by a sharp drop, which, combined with tariff anxieties, amplified market vulnerability.

CZ responded: Thank you for your clarification. That statement was widely quoted by the media, and many people said that Binance caused the collapse. I'm glad you have now clarified this.

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