Cathie Wood Clarifies: Binance Did Not Actively Trigger the “1011 Crypto Market Flash Crash”

Cathie Wood, CEO of ARK Invest, stated in her latest conversation with Changpeng Zhao (CZ) that Binance did not actively trigger the “October 11 crypto market flash crash” last year. She explained that the sharp market decline at the time caused partial system failures on Binance’s platform, and that tariff-related panic further amplified the market’s systemic fragility. Cathie Wood also noted that there had been a widespread misinterpretation of Binance’s role in the incident. In response, CZ expressed gratitude for the clarification, noting that prior statements had been widely cited by media outlets and had fueled the narrative that “Binance caused the crash.”