X @Wu Blockchain

Richard Teng: Oct 10 Crash Was a Macro Event, USDe Depeg Was Not the TriggerOn Feb 12 at Consensus Hong Kong 2026, Binance Co-CEO Richard Teng addressed the "Oct 10 Crash" controversy, stating the mass liquidation was primarily a macro event. He noted U.S. 100% tariffs wiped $1.5 trillion from equities, while crypto liquidations were just $19 billion—not a Binance-specific issue.Regarding the USDe depeg and transfer delays, Teng stressed these occurred after most liquidations and didn't cause the crash. Sti ...