Whatever happened in the dark will always come to light

[5W-KILO]

Here we go.

Some people on this forum have been so against the plain truth that Binance is solely responsible for what happened to crypto market since 10th of October 2025, many people blamed the bug, some said Binance reimbursed all those who are affected, but only the few people who knew those that are really affected knew that it's all a lie, very few got half and some got amount that's not even close to the amount they lost.


That's not even the case now.

Let's say I was blind, even though I had my source about what Binance did, maybe I was a fool? But I am not the only one.

I am happy that someone big in the crypto business came up to expose what Binance did behind the closed doors, this will open the eye of many members on here.



https://x.com/i/status/2017597366954525005

There was never a bug, do you guys even know how much these centralised exchanges donated to the stupid course of Donald Trump? You need proof for that too? These people are the dirtiest and it's why I don't believe in hacks anymore, mostly are inside jobs by themselves and poof, the money is gone.



They all helped Trump into that sit, and how the hell will your president safe you if any of these people steal money and blame it on some bugs or hackers that never existed? Who should have uphold justice have taken a bite from dirty people.

That's a free pass.

[Catenaccio]

Some people on this forum have been so against the plain truth that Binance is solely responsible for what happened to crypto market since 10th of October 2025, many people blamed the bug, some said Binance reimbursed all those who are affected, but only the few people who knew those that are really affected knew that it's all a lie, very few got half and some got amount that's not even close to the amount they lost.

It can be their technical bug which was exploited or attacked by other exchanges as main competitors against Binance or by hackers, but is it big matter with you as Binance user?
You and other people must know that centralized exchanges are very dangerous for storing your cryptocurrency, and even without this bug, it's risky already.
Reminder: do not keep your money in online accounts.

People also have to know that they must use stop loss or stop limit orders to their opened positions but there is another thing they have to know. In market crash like this one, such orders even might fail to be closed promptly and fail to protect their capital.

[lovesmayfamilis]

You need to teach yourself the rule that no one, anywhere, owes you anything. All your actions always determine, first of all, your consent, and only after that determine the guilt of others. Storing your funds on the exchange is primarily your choice, and a further combination of circumstances determines whether your funds were involved or whether you tried to protect them. Neither banks nor exchanges can protect you, moreover. When you talk about bitcoin, first of all, you need to understand your own responsibility for storage. Therefore, to prevent this from happening, always ask, What did I do to prevent this from happening to me?
It's not easy, of course, but at least this way you're in control of your financial life instead of going with the flow.

[5W-KILO]

@Catenaccio

You are a good example of the people that I was talking about, people who don't really knew what went down on that day, what happened on that day flushed out every traders that used Stop loss, no one is a baby here, do you know a relative? Someone who was a victim? If you don't it's better you avoid this thread. You have no idea.

You also said it can be their technical bug was exploited, have you read through the link that I dropped? You should focus on reading it first please. I wonder if people will talk this way like they don't care, it seems that people who lost loved ones after that incident are in pain.

[Frankolala]

I can no longer trust these exchanges and Donald Trump because his administration has brought hell on the cryptospace. However, traders should know the risk involved in trading which one of it is market manipulation, I feel they need to accept the consequences of trading in a volatile market. Lastly, no hodler that's using a self custody wallet to store their coins ran at loss if they don't sell below their entry point.

[tbct_mt2]

I can no longer trust these exchanges and Donald Trump because his administration has brought hell on the cryptospace. However, traders should know the risk involved in trading which one of it is market manipulation, I feel they need to accept the consequences of trading in a volatile market. Lastly, no hodler that's using a self custody wallet to store their coins ran at loss if they don't sell below their entry point.

Exchanges are big market makers especially very big exchange like Binance. They can use any reason to cover their activities and manipulations behind the scene but as pure users, you can not verify these things. Likely technical guys can analyze the accident better and do report, warning, critique like the OKX's CEO and even some other gurus on X.

There will be even further investigation from SEC in the future, but who knows, before that to happen and conclusion comes, you were affected with any loss in that accident. Binance did made compensations to their users but as I knew, not everyone are happy with Binance compensation. In addition, like the OKX CEO said, the effects from this accident on Binance are huge and can last a long time, so the market and most market participants suffered and will likely be affected negatively.

[Mpamaegbu]

https://x.com/i/status/2017597366954525005

That comment from OKX will cause a lot of disaffection among top players in this industry and their supporters. Solana co-founder, Anatoly Yakovenko, retweeted it and that caused CZ to unfollow his account on X. Interesting days are ahead as we wait for events to unfold on the issue. Let's see how the bigwigs will align or oppose one another on what actually happened. Above all, I want to see justice prevail on the issue.

[Pterosaur]

What if

What if this was why CZ abandoned Binance exchange and instead went to bring a decentralised exchange and that Aster token? Maybe Binance will go down as the sacrificial lamb? I believe something very bad will happen, and to people who still believe that Bitcoin will never dump to 50k again, good luck to all of you.

If these people are going to come back in the future and pump the market something very bad need to happen.

[Floxynice]

This is another reason why self custody should be treated with utmost importance. Once you store your bitcoins with the exchanges, you should bear in mind that you no longer have control over the bitcoins you consider yours. You are only at the mercy of the third party you entrusted your bitcoins to. If there is sufficient evidence to prove that Binance actually stole from those who trusted them, then the victims can make a case against Binance. Otherwise, they should move on. The excuses made by Binance to be the reason for the loss has settled it all.

[Faisal2202]

They all helped Trump into that sit, and how the hell will your president safe you if any of these people steal money and blame it on some bugs or hackers that never existed? Who should have uphold justice have taken a bite from dirty people.

That's a free pass.

Sorry but the exchange under criticism is Binance, because it failed due to large limit orders and most of them did not hit and people lost money. But in the donation lis, I am not seeing Binance, did it donate anything? I doubt because it was being prosecuted by the SEC for helping in laundering money which might not be laundering at all because people used to donate money to the people of Gaza but they said it was used to give money to attackers as well.

I don't know the reality but US did not liked it as well so they pushed Binance to give the market control to Coinbase. They donated a lot and it seems to be paying off.

[5W-KILO]

https://x.com/i/status/2017597366954525005

That comment from OKX will cause a lot of disaffection among top players in this industry and their supporters. Solana co-founder, Anatoly Yakovenko, retweeted it and that caused CZ to unfollow his account on X. Interesting days are ahead as we wait for events to unfold on the issue. Let's see how the bigwigs will align or oppose one another on what actually happened. Above all, I want to see justice prevail on the issue.

It was the same way that Zhao and Sam Bankman started as well, I am sure that many hidden truth will come to light in the near future.

[DiMarxist]

From what I can get from this whole Binance incident is that don't always keep your assets on centralized exchanges. Whether you blame on the exchange or let believe the bug story that the exchange gave the bottom line of the matter is that people have lost money and that money will not come back. This should be a lesson that we should always avoid keeping our crypto assets on exchanges because doing that is risky not your key not your assets. Cold wallet should be prioritized over centralized exchanges.

[Donneski]

What stands out to me is how responsibility quietly shifts once convenience comes in. Centralized platforms feel easy but that ease often means giving up control without fully thinking through the risk. I don't mean to say that people who lost funds were careless because many acted on trust built over time. That said, once funds are in someone else’s custody, things can change very fast during market stress. Events like this tend to expose assumptions people didn’t even realize they were making.

[Slow death]

There was never a bug, do you guys even know how much these centralised exchanges donated to the stupid course of Donald Trump? You need proof for that too?

It seems to me that you're pushing the issue of bugs into a political question. I don't agree with some of the things Trump has done, but I'm also not going to accuse exchanges of lying about bugs to steal people's money when I know I don't have proof of that, because that would be wrong. So, do you have any solid proof confirming that the bug wasn't a bug but a lie so the exchange could keep the clients' money?

[livingfree]

First, remember that the US have given that penalty to CZ and that's why he's cleared. After that, we don't know what's next.

Despite that CZ is no longer connected to Binance after stepping down as the CEO of it. He's still a major share holder and even a bagholder of BNB.

That's why with all of these manipulations that they do, I might agree that all of these are man made.

It seems that every bear market is welcomed every time by a fiasco from an exchange.

[nakamura12]

It seems to me that you're pushing the issue of bugs into a political question. I don't agree with some of the things Trump has done, but I'm also not going to accuse exchanges of lying about bugs to steal people's money when I know I don't have proof of that, because that would be wrong. So, do you have any solid proof confirming that the bug wasn't a bug but a lie so the exchange could keep the clients' money?

We wouldn't know if it's true or not unless it is proven sooner or later that the bug is true just to keep the clients' money but as you have said that if there's no proof then it's just an accusation. In my opinion, there should be some possibilities that it is true and there's politics involved in it. I just hope that this news would increase the chance of people not storing their crypto funds in an exchange instead people should prefer using self-control wallets and only use exchanges when necessary.

[DPHOR]

Right from time I do not really believe on whatever stories that is being cooked by these centralized exchanges about hack on their platform, and of course they have all the power and capacity come up with any kind of stories to deceive the people around who doesn't know their internal operation or what they had already done in the dark, just illegally stole from the poor masses who are trying to use crypto boost themselves financially through trading and staking, to whatever means they may feels is that reliable for them to stock up cryptocurrency gradually for themselves but at last we would see a story that will emanate from no where about sudden hack or bridge on their exchange which led to whatever loses.

[AVE5]

Why are you being so naive with such deceptive rumour from the OKX Ex CEO?
Don't you feel there's always marketing competition among those exchanges?
May you should give one reason why the CEO should be believed from that sentimental view.
I'm very curious to know how the dominance of the binance is responsible for that Dip price manipulation. I'm sure we've traders from several platforms and binance isn't the only trading platform which over traded volume during the Ath was the cause of the price decline.