Binance Co-CEO Richard Teng has defended the exchange against claims that it was responsible for the October 10, 2025, “10/10” crypto crash, which saw roughly $19 billion in liquidations. Speaking at CoinDesk’s Consensus Hong Kong conference on February 12, 2026, Teng argued the sell-off was driven by other factors besides any Binance-specific failures. Richard Teng Gives Binance’s Side of the Story on October 10 Crash The Binance co-CEO cited macroeconomic and geopolitical shocks between the US and Chi ...