OKX Founder Attributes October Bitcoin Crash to Binance Mismanagement

In the wake of Bitcoin's October crash, OKX's founder points fingers at Binance, igniting a debate among exchange leaders and analysts.

Several months have passed since the dramatic flash crash on October 10, leading to significant liquidations in the cryptocurrency market. Recently, tensions have resurfaced among cryptocurrency exchange leaders and market analysts, as they debate the underlying causes of this market turmoil.

Key figures in the industry are now weighing in on the factors contributing to the crash, with discussions centered around whether a leveraged yield loop, inadequate liquidity, or flawed market infrastructure were responsible for the fallout. The founder of OKX has notably placed the blame on Binance, pointing to the exchange's operational decisions as a catalyst for the crisis.