Wu Blockchain (@WuBlockchain): Yi He refuted three types of FUD related to recent market volatility: (1) Claims of a Binance outage — core futures, spot engines, and API remained st…
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Yi He refuted three types of FUD related to recent market volatility: (1) Claims of a Binance outage — core futures, spot engines, and API remained stable throughout, with forced liquidations at a low, normal ratio, indicating the sell-off was market-driven; (2) Claims that depegs caused the crash — price declines preceded the depegs, and Binance has since compensated affected users with over $283 million within 24 hours; (3) Claims of liquidation via extreme price wicks — Binance uses a mark price mechanism that excludes abnormal price spikes, preventing unfair liquidations. https://t.co/6Wx05Fgau5