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Binance Pushes Back Against Blame Over October Crash
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Why This Matters
Binance is pushing back against blame for the October crypto crash, with Co-CEO Richard Teng stating that the event was 'a crypto event, not a Binance event', downplaying its responsibility.
Market Impact
Market impact analysis based on bullish sentiment with 70% confidence.
Sentiment
Bullish
AI Confidence
70%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Richard Teng, Co-CEO at Binance, says a record spree of liquidations that wiped out $19 billion in leveraged crypto positions in October was “a crypto event, not a Binance event.” The world’s largest digital asset platform has been facing accusations that it bears responsibility for the crash. Teng also discusses the recent crypto selloff on “Bloomberg: The China Show.” (Source: Bloomberg)
Original article published by
Bloomberg
on February 12, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.