19B wiped out in hours - not regulation, not tariffs, but a pricing exploit that turned Binance into a liquidation engine.
What happened:
🔵 Binance delayed switching to oracle pricing🔵 USDe, wBETH, BNSOL priced via internal order books🔵 Attackers dumped 60-90M USDe on Binance during fear🔵 USDe fell to 0.65 on Binance (1 elsewhere)🔵 500M-1B in liquidations, 19B market cascade🔵 1.1B BTC/ETH shorts netted ~192M profit🔵 USDe didn’t break; Binance later moved to oracles
We break down exactly how it happened:
#market #binance #crypto #cryptocrash
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