On May 7, 2026, ARK Invest CEO Cathie Wood clarified that Binance was not responsible for the October 10 flash crash, addressing Binance founder CZ directly. Wood emphasized that while a software glitch occurred, it was not Binance that triggered the event.
Previously, in a January 26 interview with FOX Business, Wood had linked the flash crash to a software glitch on Binance, which resulted in a $28 billion deleveraging event. Her initial comments had sparked significant debate within the crypto community regarding the causes of the October 10 crash.
Cathie Wood Clarifies Binance's Role in October 10 Flash Crash
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