Cathie Wood clarifies the "1011 crypto flash crash" controversy: Binance was not the cause of the plunge.

CoinFeed reported on May 7th that ARK Invest CEO Cathie Wood and Changpeng Zhao (CZ) reviewed the "1011 Crypto Market Flash Crash" last year in a recent interview. Wood clarified that Binance did not actively trigger the crash; rather, the sharp market decline caused some platform functions to malfunction, compounded by tariff anxieties, amplifying the market's systemic vulnerability at the time. She stated that there had been misunderstandings regarding Binance's responsibility in the incident. CZ responded: "Thank you for your clarification. That statement was widely quoted in the media, and many people said Binance caused the crash. I'm glad you've clarified that now."