Feb 12th, 2026
Binance Pushes Back Against Blame Over October Crash
Richard Teng, Co-CEO at Binance, says a record spree of liquidations that wiped out $19 billion in leveraged crypto positions in October was “a crypto event, not a Binance event.” The world’s largest digital asset platform has been facing accusations that it bears responsibility for the crash. Teng also discusses the recent crypto selloff on “Bloomberg: The China Show.”
