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Cathie Wood: The "1011 Flash Crash" Market Event Was Not Triggered by Binance

2026-05-07 15:32

Odaily Planet Daily reported that during a podcast conversation between CZ and Ark Invest founder Cathie Wood, Cathie Wood clarified her comments on last year's "1011 flash crash" market event, stating that Binance did not actually trigger the crash. It was the sharp drop that caused the system failure, and the叠加 of tariff-related panic sentiment amplified market vulnerabilities. CZ expressed gratitude for Cathie Wood's clarification.