Catherine Wood clarified that the 1011 flash crash was not actually triggered by Binance.
TechFlame
2026-05-07 15:29
TechFlame2026-05-07 15:29
English
TechFlame news: Recently, "Woodie" Cathie Wood had a podcast conversation with CZ. Wood clarified her comments from last year regarding the flash crash in the crypto market on March 11, noting that Binance did not actually trigger the flash crash. Instead, the sharp decline caused technical failures, and the added tariff panic magnified market vulnerabilities. CZ responded: "Thank you for the clarification. That statement was widely quoted by the media, and many people said Binance caused the crash. I'm glad you've now set the record straight."