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10.10.2025 Crash proved that #Binance is a crime Cartel!
To somehow hide what they've done, they started to airdrop some $BNB to random users!
Here is the explanation what happened that day:
A $60–90M dump of USDe, wBETH, and BNSOL on Binance exploited a pricing flaw that valued collateral using Binance’s own order book instead of external oracles.
That triggered $500M–$1B in forced liquidations on Binance, rippled into $19B+ across global markets, and netted the attackers $192M from $1.1B BTC/ETH shorts opened on Hyperliquid — right before the Trump tariff news dropped.
It wasn’t a USDe failure.
It was a Binance pricing flaw, perfectly timed with a macro shock.
1) The Setup
- Binance’s Unified Account let users post USDe, wBETH, and BNSOL as collateral.
- Instead of oracle-based or redemption prices, Binance used its own spot market prices — a critical vulnerability.
- On Oct 6, Binance said it would switch to oracle pricing by Oct 14 — leaving an 8-day window wide open.
2) The Exploit
- During that gap, a coordinated group dumped ~$60–90M of USDe, pushing it down to $0.65 on Binance only (still $1 elsewhere).
- Because margin values were tied to those internal prices, this instantly nuked collateral value, triggering $500M–$1B in forced liquidations.
- Minutes later, Trump’s 100% China tariff headline hit — adding panic fuel to the fire.
3) The Profit Engine
- That same day, new wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources.
- As Binance liquidations cascaded, BTC and ETH collapsed — and those shorts banked $192M in profit before closing.
- Everything — timing, size, funding — screams coordination.
4) The Contagion
- Binance’s liquidations spilled BTC, ETH, and alts into thin liquidity.
- Cross-exchange bots mirrored the crash.
- Market makers hedged across venues were forced to unwind globally.
- Result: More than $19B+ in total liquidations.
Some alts dropped 99% in hours — all from < $100M of manipulated collateral.
After that crash they hired zachxbt lol
Fuck #Binance
Fuck CZ
Jail!
Rt this post!
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