CZ's Response to FUD: 10/11 Flash Crash Not Caused by Binance System or Operational Issue, Binance is Regulated and Constrained from Any Wrongdoing操作

January 31st. Binance founder CZ addressed key concerns during an AMA today: Regarding recent events, let’s clear up the top complaint I’ve seen: some allege Binance was behind the October 10 market crash. Here’s what you need to know: First, the tariff announcement dropped prior to the market decline—this drop had nothing to do with Binance’s systems or actions. Every other major exchange in the space was also handling a surge in trading volume tied to that news; that’s an undeniable fact. Second, claims that Binance engaged in wash trading or intentionally suppressed prices are false. Binance does not trade crypto to profit. Both the platform and I personally hold a large Bitcoin position, but this is disclosed on our balance sheet as our own capital—unlike firms like MicroStrategy, which raise investor funds to buy Bitcoin. From a balance sheet perspective, Binance may be one of the world’s largest Bitcoin holders. Additionally, the logic of “wash trading causing a crash” is flawed. Bitcoin’s market cap is $2 trillion. Any single entity attempting to crash prices via selling would risk losing hundreds of billions of dollars. I’m not aware of any entity or individual globally reckless enough to do that, nor does anyone have the cash to pull it off. These accusations don’t hold water. Moreover, as I noted in a tweet earlier today, Binance is now a regulated entity—overseen by global regulators who can audit all accounts and transactions, and we have oversight in the U.S. We can’t engage in any illicit activity. Bottom line: If anyone still thinks Binance intentionally caused the crash or manipulated prices by selling Bitcoin, that’s completely unfounded. The real world doesn’t align with that take, and clinging to such beliefs won’t help your long-term success.