CZ Pushes Back on Claims Binance Triggered Historic $19B Crypto Liquidations

Changpeng Zhao, widely known as CZ, has rejected allegations that Binance played a central role in the largest liquidation event in crypto market history, an episode that erased roughly $19 billion in leveraged positions last October. Key Takeaways: CZ dismissed claims that Binance triggered the $19 billion Oct. 10 crypto liquidation. He said he spoke as a shareholder, not as a Binance executive. A brief USDe depeg on Binance was later blamed on an internal oracle issue. Zhao addressed the claims ...