Benson Sun: The core issue of the 2011 sharp decline is not the abnormal price difference between USDe and Binance

On January 31st, Benson Sun, former FTX community partner, stated that the core issue of the 1011 crash was not USDe, as the timeline did not match. The market's lowest point appeared at 5:20, while the USDe's lowest point of 0.65 USD appeared at 5:54, and the lowest point of detachment occurred 30 minutes after the market rebounded, indicating that the extreme detachment of USDe was a secondary disaster rather than a trigger for collapse. Benson pointed out that based on the analysis of extreme market history in the past 6 years, the price difference between Binance and other platforms is usually within 5%. However, on the day of 1011, more than half of the currency prices were the lowest in the entire market, with some deviations exceeding 50% or even 100%. Moreover, the price of USDT trading pairs was significantly lower than that of USD trading pairs, suggesting that there may be problems with the Binance system.