X @Arthur Hayes
Arthur Hayes·2026-02-01 00:06
RT Haseeb >|< (@hosseeb)With all respect to Star, this story is candidly ridiculous.Star is trying to claim that the root cause of 10/10 was Binance creating an Ethena yield campaign, causing USDe to get overleveraged from traders looping it on Binance, which eventually unwound because of a small price move.The problems with this story:1) The timing of this story doesn't line up. BTC bottomed a full 30 minutes before USDe price was affected on Binance. So USDe clearly can't have caused the liquidation cas ...