⚡️ Richard Teng Rejects Accusations Against #Binance …
Richard Teng stated that Binance did not trigger the sell off, attributing the event to geopolitical factors and new U.S. tariffs.
✅ According to him, about 75% of liquidations occurred around 9:00 PM Eastern Time; approximately $150 billion was liquidated in the U.S. stock market, while the crypto market saw around $19 billion in liquidations, affecting all exchanges.
Teng emphasized that Binance, with $34 trillion in annual trading volume and 300 million users, did not experience any unusual withdrawals.
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