@owtmpatrick
Technical Issue or Manipulation?
On Friday, October 10, 2025, the cryptocurrency exchange Binance experienced a significant incident where multiple altcoins appeared to have their prices crash to zero, causing widespread alarm among traders. The exchange promptly addressed the situation, attributing it to a "display issue" rather than an actual market collapse. This explanation was set against the backdrop of extreme market volatility that saw a record $20 billion in liquidations across the crypto market, which Binance stated also led to other system overloads on its platform.
Despite Binance's official explanation, many in the crypto community speculate that the event may have been a sophisticated market manipulation. This theory suggests that malicious actors could have exploited a vulnerability in Binance's "Unified Account" feature, which at the time used internal order book data for its price oracles.
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