Was the 1011 Crash Binance's Fault? OKX Founder Engages in Heated Debate with Dragonfly Partner
Amid the intense volatility in the crypto markets on October 11, OKX founder and CEO Star has publicly pointed out that the event is tied to the design of activities surrounding USDe on Binance and the resulting structural leverage; meanwhile, Dragonfly partner Haseeb directly refuted this assessment, arguing that the narrative fails to hold up both chronologically and across cross-exchange impacts. CZ and Guy Young, founder of Ethena, have also joined the discussion surrounding this incident.