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The October 11th crash was speculated to be a premeditated attack against Binance and one of its major market makers. The Achilles' heel lay in Binance's unified account futures margin issue.
In addition to standard U-margin and coin-margined options, Binance also offered unified margin options for POS derivatives and financially stablecoins. The three most severely affected margin instruments were USDE, Wbeth, and BnSol.




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