Cathie Wood: The "1011 Flash Crash" market event was not triggered by Binance

Recently, "Cathie Wood" had a podcast conversation with CZ, where Cathie clarified her comments from last year regarding the 1011 cryptocurrency market flash crash. In the "flash crash" event, Binance did not actually trigger the flash crash; it was the sharp decline that caused the malfunction, compounded by tariff panic that amplified the market's vulnerability.

CZ responded: Thank you for your clarification. That statement was widely quoted by the media, and many people said Binance caused the crash. I'm glad you have clarified this now.