X @Wu Blockchain

Yi He refuted three types of FUD related to recent market volatility: (1) Claims of a Binance outage — core futures, spot engines, and API remained stable throughout, with forced liquidations at a low, normal ratio, indicating the sell-off was market-driven; (2) Claims that depegs caused the crash — price declines preceded the depegs, and Binance has since compensated affected users with over $283 million within 24 hours; (3) Claims of liquidation via extreme price wicks — Binance uses a mark price mechanis ...