CZ rejects claims Binance worsened October $19B liquidation
Changpeng Zhao and Binance push back against allegations that the exchange caused October’s historic market sell-off, citing broader market forces.
Changpeng Zhao (CZ), co‑founder and former CEO of Binance, denied that the exchange fueled October’s historic $19 billion crypto liquidation event, calling allegations that Binance caused the crash “far‑fetched” and defending the platform’s role in the episode [1][2].
Binance itself issued a detailed response saying the October 10 sell‑off was not the result of a single failure or an exchange‑specific issue, but instead stemmed from systemic macro and structural factors, according to the company’s explanation [4].
Media and community discussion amplified the denials and the company’s explanation, with coverage and commentary appearing across outlets and social platforms as the industry digested the liquidation event and Binance’s response [1][3].
Both CZ and Binance have rejected claims that the platform caused the October liquidation, instead attributing the event to broader market dynamics and structural factors while public discussion continues [1][4].
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Citations
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- 1Changpeng Zhao rejects claims Binance worsened crypto market crashCointelegraph• Jan 30, 2026
- 2What crash? Binance’s CZ rejects claims platform caused $19b crypto crashcrypto.news• Jan 30, 2026
- 3CZ Rejects Claims Binance Fueled Historic Crypto Liquidation Crashr/CryptoCurrency• Jan 30, 2026
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