Binance and OKX over 2025 years October continued to dispute responsibility for the crash and the nature of the compensation
BIBIBI
AT A GLANCE
Binance and OKX disputed responsibility for the “1011 crash” and the nature of the compensation in public.
Article
Xu Mingxing lashes out at CZ：“1011: Has the account for the “crash” been settled?October 11, 2025 The crypto market experienced the largest leveraged liquidation in history, and Binance set aside approximately 800000000 USD to compensate users. 1 years later, Binance and OKX engaged in a public dispute over responsibility for the incident and the nature of the compensation. The causality of the incident and the determination of losses remain disputed.
The article states that October 11, 2025 the crypto market experienced the largest leveraged liquidation in history.
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The article states that Binance set aside approximately 800000000 USD to compensate users.
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The article states that 1 years later, Binance and OKX engaged in a public dispute over responsibility for the incident and the nature of the compensation.
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The article states that the causality of the incident and the determination of losses remain disputed.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Leveraged liquidation refers to the forced closure of a leveraged trader’s position by the platform when the trader’s margin is insufficient. This article focuses on the dispute between Binance and OKX over responsibility and the nature of the compensation following a large-scale liquidation.
Why it matters to readers
Responsibility and the scope of compensation remain unclear, which may affect users’ understanding of the losses from the incident and the platform’s handling of it.
Beginners should distinguish between platform compensation, actual losses, and the determination of responsibility; the article does not provide complete details, so it cannot be used to determine which party is responsible.
Risks and unknowns
The evidence does not provide an official announcement from Binance regarding the approximately 800000000 USD compensation or its applicable scope.
The evidence does not provide specific public responses from Xu Mingxing,CZ, Binance, or OKX.
The causality of the incident, the amount of losses, and the allocation of responsibility remain unconfirmed.
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Related concepts
leveraged liquidation
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