1011 Crash and Blood Debt: Zhao Changpeng and He Yi Can't Escape Blame The 1011 crypto crash wiped out millions of positions and billions in funds overnight. This disaster was no coincidence—Binance, led by Zhao Changpeng and He Yi, was the key force that crushed the market. As the world's largest exchange, the two have long prioritized profits over risk control, allowing high leverage to run rampant, ignoring liquidity imbalances, and tacitly approving circular loan arbitrage for massive profits. This pushed market leverage to dangerous levels. On the day of the crash, the platform suddenly went down, leaving users unable to close positions or withdraw funds, forcing liquidations. Later, compensation policies were blatantly biased—institutions were prioritized while retail investors suffered. The crisis management led by He Yi was full of disregard for ordinary investors. Under Zhao Changpeng's leadership, compliance risks were ignored. After He Yi took charge, she focused solely on capital strategies. The two had already moved their assets to safety in advance, treating their 300 million users like fodder. While preaching financial freedom to lure people in, they tilted the rules to harvest wealth. The blood and tears of the 1011 crash were the inevitable result of their greed and negligence. Looking back at his past words: 'Liquidity is the lifeline; we must globalize rather than build isolated islands.' How ironic. Every loss from this crash carries the original sin of Zhao and He. Their dictatorship and selfishness are nailed to the pillar of shame in the crypto world, becoming an eternal pain in the hearts of countless investors!