The Great Crypto Carnage: Was It a “Coordinated Attack” or Just Bad Timing?

According to @ElonTrades, the whole mess started when Binance made the decision to value certain collateral-think USDe, wBETH, and BNSOL-using its *own* spot-order-book data instead of those trustworthy external oracles. And for the love of everything crypto, don’t forget that Binance had already announced this was going to change on Oct 6… but the actual change was rolling out on Oct 14. So, naturally, there was this lovely little eight-day window of vulnerability for all kinds of chaos to ensue.





