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Cathie Wood: The "1011 Flash Crash" Market Event Was Not Triggered by Binance
07/05/2026 11:33
Svmuu reported that during a podcast conversation between CZ and Ark Invest founder Cathie Wood, Cathie Wood clarified her previous comments regarding the "1011 flash crash" market event. She stated that Binance did not actually trigger the crash; rather, the steep decline caused the malfunction, and the combined effect of tariff-related panic amplified market vulnerabilities. CZ expressed gratitude to Cathie Wood for the clarification.
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