Kate Marie

Official petition for the @TheJusticeDept & @FBI to investigate @cz_binance & @binance for: 1. ~$400B liquidation event on 10/10/25 2. Listing process and potential insider trading of $NEIRO & $ACT 3. Possible inorganic @BNBCHAIN & @Aster_DEX wash trading ✏️ Repost to sign

The Oct 11 Crypto Crash — What Really Happened TL;DR: Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles. That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement. It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover. What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage. 1️⃣ The Setup Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral. Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability. On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window. 2️⃣ The Exploit During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere). Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations. Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress. 3️⃣ The Profit Engine The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources. As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom. Timing, precision, and funding paths all suggest coordination. 4️⃣ The Contagion Binance liquidations dumped BTC/ETH/ALTs into thin books. Other exchanges mirrored the collapse through cross-market bots. Market makers hedged across venues were forced to unwind everywhere. Result: $19B+ global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral. 5️⃣ Who’s at fault? Binance: design flaw + delay in oracle rollout = root cause. Exploiters: executed and timed the manipulation, profited via external shorts. Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else. 6️⃣ Aftermath Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors + oracle integration. USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations. Bottom line: A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath. Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.

I had 4 trades in play: BTC long and short (equal hedged positions) An ALT long and short (equal hedged positions) On most exchanges, this type of hedging eliminates liquidation risk. But Blofin doesn’t handle liquidation this way.

Who says superheroes have to be young? Capes optional, attitude mandatory. Here’s how to go from invisible to invincible after 60. link.medium.com/6GA2opmx3Pb

Ageing isn’t just about wrinkles and grey hair — it’s about the realities we face in a world that often sidelines older generations. From fighting ageism to embracing resilience, here’s my take on living unapologetically beyond the labels. link.medium.com/qQ0p3pd91Pb

@InspoCrypto @CheekyCrypto please circulate @ProfCAlexander video on the Binance situation. Thanks Carol for your amazing efforts! Also @Fawaz_Ahmed for your tireless efforts to bring down corrupt crypto players. youtube.com/watch?v=7V9lHg…

@cr1337 Because they want to understand the benefits of subjugation to women!

Can someone explain to me why a grown man watches Barbie?

If we want to understand what is going on under our noses and how we are being manipulated by some very smart puppet-masters, then you need to watch this.

According to this reporting, most of Binance’s top executives in Germany and Austria have recently jumped ship, including: - Michael Wild, General Manager of Germany - Raphael Zakarias, head in Austria (1/2) financefwd.com/de/binance-man…

@Fawaz_Ahmed reuters.com/investigates/s…

BREAKING: #Binance France and Binance Holdings Limited are being sued over alleged misleading commercial practices and fraudulent concealment.

Thhs is hilarious youtu.be/UO3AVNCclUg

@tackettzane @twobitidiot Thanks! We have written about exactly this! With @rszkoda coindesk.com/layer2/2022/11…

@cas84_utd @tackettzane That's been on my mind too. Also there is still trading going on. Am I missing something? Traders still trading BTC but why?

@tackettzane Should we cancel pending withdrawals so that our balances are clearly visible / apparent in our wallets?

1/I obviously have 0 say at this point, but hey, interested to hear others' thoughts: Two options: A) bankruptcy B) token [THESE ARE NOT CONCRETE NUMBERS] Liabilities: -8.8bn Liquid assets: 900m Less liquid: 2.037bn Illiquid: 3.2bn liquid hole: -7.9bn illiquid hole: -2.66bn

@InspoCrypto My condolences; so sorry and will say a prayer for you and your dad x

Sorry folks, my dad passed away yesterday after a long fight. I will be back soon. This week for sure. Nobody has to pay for the days without analyses. 🙏❤️

@DrHOSP1 @CryptoWhale We are more and more under surveillance. Dissidents beware

Remember that a significant chunk of this deal's financing came from Binance, which has almost certainly dried up given the latest market conditions. I'm also not even sure how they'd onshore their dark money into the United States. 🤔 ft.com/content/30a855…