@BasedShillBH 67 is a Chen prime. "Chen's Theorem"
67 is a palindrome in base-5 and base-6.
67 is the 99th and 100th digit of Pi.
67th Prime is 331. 3+3 = 6. +1 = 7.
@BasedShillBH 6 = perfect number (equal to the sum of its divisors, 1+2+3), 7 is prime. (very rare)
67 is a lucky prime, using a sieving algorithm.
67 is a fortunate prime. (2 x 3 x 5 x 7 x 11 x 13 x 17 x 19 x 23 x29 x 31) + 67 = a Prime Number
The Oct 11 Crypto Crash — What Really Happened
TL;DR:
Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.
That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement.
It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover.
What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage.
1️⃣ The Setup
Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral.
Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability.
On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window.
2️⃣ The Exploit
During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere).
Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations.
Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress.
3️⃣ The Profit Engine
The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources.
As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom.
Timing, precision, and funding paths all suggest coordination.
4️⃣ The Contagion
Binance liquidations dumped BTC/ETH/ALTs into thin books.
Other exchanges mirrored the collapse through cross-market bots.
Market makers hedged across venues were forced to unwind everywhere.
Result: $19B+ global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral.
5️⃣ Who’s at fault?
Binance: design flaw + delay in oracle rollout = root cause.
Exploiters: executed and timed the manipulation, profited via external shorts.
Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else.
6️⃣ Aftermath
Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors + oracle integration.
USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations.
Bottom line:
A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath.
Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.
To add to this below:
There's one important thing that you must understand, the AF been buying on avg 130 000 $HYPE coins every single day for the past 180 days, those coins are not hitting the market anytime soon there is no TP zone for them, much more people are sidelined that you would think because the main buyer is the AF itself
They accumulated 6.9% of the circ supply in 180 days, this single sentence should hit like a lightning strike to you
It's against everything we've ever seen in crypto before thats why most still dont get it but i swear it's simple maths, there are no sellers that can actually decently rival the AF on the demand side
On top of that every single relevant metric is up: users, volume, stablecoin supply, revenue and the EVM is just starting to get some organic traction, basically this is the perfect recipe for all of this to keep on going
And obviously the elephant in the room with 38.888% of the supply left for future emissions and community rewards: $15B+ at current prices
The flywheel is flywheeling and i guess everyone gets to buy $HYPE at the price they deserve
Don't allow your historically correct and justifiable pessimism make you miss something that may truly be great. Crypto Exchanges are the lifeblood of this industry, and for once we may actually be able to own a piece of one.
It's hard for crypto people to believe that @HyperliquidX isn't secretly some sort of insider cabal or a covert VC operation due to the fact that literally every other Crypto is exactly that, a game of insiders who have gotten extremely efficient fleecing retail.