Following the significant volatility that shook global cryptocurrency markets on October 10, 2025, Binance issued a comprehensive statement outlining the incident and its impact. The company acknowledged temporary technical glitches affecting certain modules during one of the most turbulent trading sessions in recent history. This turbulence was triggered by widespread sell-offs after impactful macroeconomic announcements, including new US tariffs against China. The ensuing market crash resulted in nearly $20 billion in forced liquidations, but Binance clarifies that these losses were primarily due to external market conditions rather than internal issues. 💰 🤝 📈 📉