Crypto Crash: Binance Flaw and $19B Loss
A $90M dump of USDe on Binance triggered a $19B global crypto crash.
Crypto traders saw prices plummet on October 11 in one of the year's most chaotic crashes.
- Billions vanished in hours.
- Confusion spread fast.
Many blamed stablecoins, while others pointed at market panic.
It started with a single flaw in Binance’s collateral system, timed perfectly with global market tension.
According to ElonTrades, the chain reaction began when $60–90 million worth of USDe, wBETH, and BNSOL was dumped on Binance.
Author's summary: Binance flaw triggered $19B crypto crash.
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