Binance: Ex-CFO Contradicts CZ on October Liquidations | Flash News Detail | Blockchain.News
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7/2/2026 12:56:00 PM

Binance: Ex-CFO Contradicts CZ on October Liquidations

Binance: Ex-CFO Contradicts CZ on October Liquidations

Binance ex-CFO disputes CZ denial of October 10 role in $19B liquidation as USDe depegged to $0.65 on platform.

Source

Analysis

Binance faces renewed scrutiny after its former CFO directly challenged CZ claims that October 11 events had no connection to the exchange, citing the firm’s U.S. guilty plea and internal pricing flaws that triggered a crypto market crash with $19B liquidated and 1.6M traders wiped out when USDe traded at $0.65 on Binance versus $1 elsewhere.


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