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Binance releases detailed report on "1010 historic liquidation," Zhao Changpeng denies profiting from the crash, Xu Mingxing says "it was caused by Binance's irresponsibility."

Binance releases detailed report on "1010 historic liquidation," Zhao Changpeng denies profiting from the crash, Xu Mingxing says "it was caused by Binance's irresponsibility."

The world’s largest cryptocurrency exchange, Binance, blamed last year’s historic $19 billion liquidation on October 10 on a confluence of macro risk shocks, high leverage, and liquidity exhaustion, denying that a core trading system failure was the main cause. However, this explanation failed to quell industry doubts about
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