Crypto’s $19 billion '10/10' nightmare: Why everyone is blaming Binance for the bitcoin crash that won't end
Yahoo Finance·2026-02-02 01:21

At first glance, the $19 billion liquidity wipeout on Oct. 10 looked routine: a rapid chain of liquidations, or forced closures of trading positions, across major exchanges as bitcoin (BTC), the largest cryptocurrency, tumbled. It's what followed, and the lack of transparency over the day's events, that's made the largest single-day liquidation by dollar value in crypto history frustrating for traders and changed crypto trading fundamentally. And one name has everyone's attention: Binance. The world’s ...

Crypto’s $19 billion '10/10' nightmare: Why everyone is blaming Binance for the bitcoin crash that won't end - Reportify