Changpeng “CZ” Zhao, co-founder and former chief executive officer of Binance, said lingering accusations that the world’s largest digital asset platform bears responsibility for the crypto market crash last October are “far-fetched.”
In a live ask-me-anything session on Binance’s own social platform, Zhao denied that Binance was a key driver of the record spree of liquidations seen as users encountered technical glitches and price discrepancies on the platform. Binance later offered customers and businesses around $600 million in compensation following the crash.
“There are a larger group who claim the October 10th crash was caused by Binance and wants ...
