RT ElonTrades (@ElonTrades)The Oct 11 Crypto Crash — What Really HappenedTL;DR:Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement. ...

Mag7. Photo by BeInCrypto When cryptocurrency prices plunged after President Donald Trump announced fresh tariffs, Binance — long seen as the industry’s core liquidity engine — quickly became the focal point of the chaos. For many Binance users, the exchange’s cross-margin system, which links all assets in a trader’s account as collateral, worsened their losses. Was Binance's Meltdown Organic or a Calculated Exploit? As prices collapsed, traders reported that Binance’s interface froze during the sell-of ...

《Opinion: Is this crash an attack on Binance and a certain market maker?》（Author | Forgiven）The article suggests the October 11 crash may have been a planned attack on Binance, exploiting flaws in its Unified Account margin system that used volatile assets like USDE, wBETH, and BnSOL as collateral. Their sharp depegging triggered massive liquidations and losses estimated at $500M–$1B. The timing—between Binance’s oracle update announcement and implementation—implies coordination. Analysts compared the event ...