@Cointelegraph Binance that I had a fraudulent liquidation... initially they offered me a % of my losses along with the option to dont take legal action, since they did not accept me they closed the ticket, that day I will abandon all Binance products,
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The Death of Critical Thinking in Crypto
Trigger Warning: @binance
I’m not here to convert anyone from their chosen religion - whether that’s a blockchain, CEX, or DEX.
I’ve found the tools that work for me - tools that help me make money, that I enjoy using, that improve the quality of my life. I don’t need anyone’s approval for that.
What’s right for me might not be right for you, and that’s perfectly fine.
I’m not insecure enough to need validation, nor delusional enough to think my opinions could sway the hearts and minds of so many to make a difference. As I've always said: if your bags require you to constantly shill them, you have the wrong bags.
But in this era of crypto religion - where everyone defends their prophets, worships their chains, and shills their tokens - we’ve lost something essential: critical thinking. The ability to separate fact from fiction, to search for truth without bias or ego.
And that skill is non-negotiable for any serious investor.
The facts are painting a clear picture: Binance triggered the global cascade of liquidations just days ago.
Many brilliant researchers have laid it out in detail. This isn’t conspiracy or speculation - it simply is. I’ve shared some of that research here for anyone who values truth over tribalism.
I don’t care whether Binance succeeds or fails, or whether their tokens and “DEX” offshoots win or lose. I’ve never been a Binance customer, and it makes no difference to my life either way.
But if this industry wants to evolve, we have to face catastrophic failures with logic, not loyalty. Learn from them, adapt, and do what crypto was built to do: solve our own problems without waiting for regulators to “save” us.
Some have said I’m using these facts as an excuse for my own massive loss - that it’s easier to blame someone else.
Let me be vulnerable for a second: it’s not easier. It’s harder.
I told my wife earlier that I’ve been struggling emotionally. Because as investors, we understand risk. We accept it. We build systems to manage it. When those systems fail because of our error, we learn and grow stronger.
But when you realize your system didn’t fail - someone simply drove a tank through your house - it’s not liberating. It’s depressing. You followed your own battle-tested plan, and still got robbed. That feeling - helplessness, violation - I hate it.
But here’s the truth: victimhood doesn’t pay. Quitting doesn’t pay.
Adapting does. Pivoting does. Overcoming does. This is what both we as an industry as well as us as individual investors must do.
There will always be predators in the deep.
The key is learning how to stay safe from them.
🫡 From the depths —
The White Whale 🐋
You remember October 10?. That crash hit hard. @binance liquidity just vanished. Over 1.7 million accounts liquidated. Nineteen billion dollars gone.
Trump's tariff news sparked it. But Binance froze. APIs failed. Traders locked out. Stops never triggered. Bitcoin dipped to $102,000 on Binance spot. Coinbase held at $105,000. Kraken near $104,500. Small gaps. Big signals.
$ATOM suffered worse. #Cosmos token flashed to $0.001 on #Binance. Zero liquidity. No mercy. @coinbase stayed at $2.54. Stablecoins depegged there too. USDe to $0.66 on Binance. Others barely moved. Thin books met glitches. Exploits slipped through. The whole market lost $560 billion. You felt trapped if you traded there.
All of this goes on as @brian_armstrong and others in crypto are trying to put into place a framework for the USA and abroad for clarity in crypto.
How on earth can Binance not have anything to answer for here?
Where are the voices to put pressure on getting to the bottom of this. I didn't get hurt during the crash because I don't trade with Binance but how can we possibly just ignore the giant elephant in the room and move on as if nothing happened?
People need answers and the market needs clarity, without it this market will honestly struggle to be more than just a place where people gamble and hope the exchange they work with doesn't just dog them and offer a $25 voucher.
@TraderCobb@binance I am still waiting for the response from support about my case, my liquidation was because the application mysteriously went down 10 minutes before the market went down, it was not possible to close positions.
@heyibinance@cz_binance @heyibina @binance How do I get my case reviewed? I am not allowed to close positions or add margin, I have not been able to contact support, what do I do?