He Yi responded to the Binance-related accusations regarding the "1011 flash crash": The whales trading on Binance have a clearer understanding of what happened when the tide receded and have more say in the facts

Binance co-CEO He Yi responded on social media to comments from OKX CEO and Wintermute founder regarding the crypto flash crash on October 11: "The whales trading on Binance are more aware of what happened when the tide recedes and have more authority on the facts. PS: I found out this morning that it wasn't a sunny day, it must be because of Binance."

Previously, OKX CEO Star stated: "The crypto flash crash on October 11 was caused by Binance's irresponsible USDe financial activities." Wintermute founder remarked: "The crypto flash crash on October 11 was clearly not a 'software failure'; it is unreasonable to place all the blame on one exchange."