According to Wu Blockchain, Binance released a statement clarifying that the crypto market flash crash on October 10, 2025, was not caused by platform system failures. Instead, it was triggered by macroeconomic shocks related to trade wars, concentrated deleveraging of high-leverage positions, market makers reducing liquidity during extreme volatility, and Ethereum network congestion affecting cross-platform arbitrage. The statement also confirmed two independent technical incidents during extreme market conditions: a performance drop in the asset transfer subsystem between 21:18–21:51 UTC, and abnormal deviations in the USDe, WBETH, and BNSOL indices during significantly reduced liquidity between 21:36–22:15 UTC. Binance emphasized that the major deleveraging had already been completed when these issues occurred, and they were not the cause of the flash crash. The platform has completed user compensation and strengthened its system and index risk control mechanisms. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55931