A system malfunction on Bithumb credited hundreds of thousands of BTC to user accounts, far exceeding the exchange's on-chain reserves of 41,843 BTC, causing a local flash crash to 81 million KRW.
MEXC released AI trading suite performance: 2.35 million users, 10.8 million total interactions, 93K daily active users. The Oct 11 flash crash saw 168K interactions in a single day, with AI Bot accounting for 51% of activity.
Some Revolut users briefly saw BTC at $0.02 while the market was near $79,000. The glitch may stem from display, local liquidity, or pricing engine failure, highlighting structural fragility at a 70-million-user scale.
Cathie Wood said Binance did not trigger the October 2025 crypto flash crash, while CZ argued Bitcoin could recover faster in this cycle as macro conditions and institutional buying support the market.
Bitcoin briefly nosedived 30% to under $48,000 on decentralized perpetuals exchange Lighter Wednesday, caused by a single 1,000 BTC sell order hitting thin liquidity amid a broader market rally.
Bitcoin plunged over $3,000 in four hours, liquidating $750M in longs, as Trump’s tariff ultimatum on Greenland and a delayed crypto bill fueled risk-off sentiment.
ARK Invest CEO Cathie Wood said Binance was not responsible for triggering the October 10 flash crash, clarifying earlier remarks that had linked the event to a software glitch on the exchange.
ARK Invest CEO Cathie Wood publicly clarified on May 7 that Binance was not the culprit behind the October 11 flash crash, emphasizing the software glitch was not the trigger. She had previously linked the crash to a Binance software issue involving $28 billion in deleveraging.
