# FUD Related Articles

HTX News Center provides the latest articles and in-depth analysis on "FUD", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Old Case Resurfaces: The 1011 Crash Sparks a Mixed Battle of Public Opinion Between Exchanges and Ecosystems

A wave of criticism targeting Binance resurfaced on social media, reignited by ARK Invest CEO Cathie Wood's comments blaming a past "system glitch" at the exchange for the crypto market's prolonged stagnation. She referred to the October 11th ("1011") event, a major market crash that saw over $190B in liquidations, as a key reason crypto wasn't rallying with other assets. Binance co-founder He Yi quickly countered, suggesting Wood, a Coinbase investor, was not a user and misinformed. The 1011 event itself was a "black swan" where a sharp market downturn was exacerbated by a liquidity anomaly on Binance, triggering its Auto-Deleveraging (ADL) mechanism and causing massive, cascading liquidations. Binance later paid $283M in compensation but maintained the sell-off was market-driven. The criticism evolved into a broader industry debate. Key figures leading the charge included Leonidas, a Bitcoin Ordinals proponent, who accused Binance of extracting value from the ecosystem via high token listing fees. OKX founder Star (Xu Mingxing) presented a more technical critique, arguing Binance's high-yield USDe promotion allowed systemic risk to accumulate, fundamentally altering the market's microstructure post-1011. Solana co-founder Anatoly Yakovenko indirectly supported critics, leading CZ to unfollow him—highlighting underlying competition between the BSC and Solana ecosystems. In Binance's defense, some analysts like Dragonfly's Haseeb Qureshi argued the crash lacked a single cause, citing pre-existing market stress from Trump's tariff comments, API issues affecting market makers, and a lack of circuit breakers. Amid the FUD, Binance announced it would convert its $1B SAFU insurance fund from stablecoins to Bitcoin. The incident underscores the immense scrutiny Binance faces as the industry's largest exchange, raising questions about its role in maintaining systemic stability in a leveraged and narrative-driven market.

Odaily星球日报02/02 03:12

Old Case Resurfaces: The 1011 Crash Sparks a Mixed Battle of Public Opinion Between Exchanges and Ecosystems

Odaily星球日报02/02 03:12

Changpeng Zhao (CZ) Strikes Back At Furious Investors: Is Binance Being Targeted By A ‘Coordinated Attack?’

Binance founder Changpeng Zhao (CZ) has responded to mounting criticism over his long-standing "hold and wait" investment advice, dismissing the backlash as a "coordinated attack." The controversy erupted after several Binance-listed tokens, such as ASTER, experienced sharp declines following initial hype, leading to significant investor losses. Critics accuse CZ of providing misleading guidance, while supporters argue the criticism is a form of organized FUD (fear, Uncertainty, and Doubt) aimed at manipulating the market. CZ defended his position on social media, questioning why investors would blame him for their decisions and emphasizing personal responsibility. He pointed to multiple similar posts from unfamiliar accounts as evidence of a coordinated effort. The debate is further fueled by past incidents, including the October 2025 market crash that saw altcoins drop by up to 54% and triggered massive liquidations. Users reported platform glitches and alleged insider manipulation during the event. The community remains divided, with some viewing the criticism as a targeted disinformation campaign and others accusing Binance of poor project vetting and profiting from token listing fees before assets collapse. The ongoing dispute highlights broader tensions around exchange accountability and market manipulation in the crypto space.

ccn.com01/28 13:18

Changpeng Zhao (CZ) Strikes Back At Furious Investors: Is Binance Being Targeted By A ‘Coordinated Attack?’

ccn.com01/28 13:18

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