OKX Founder Blames Binance for Bitcoin (BTC) October Price Crash

The founder of major cryptocurrency exchange OKX, Star Xu, has publicly attributed the significant Bitcoin (BTC) price drop in October to industry giant Binance. In a recent statement, Xu suggested that Binance's actions and market behavior were a primary catalyst for the downturn, impacting the broader crypto market. This accusation highlights the ongoing tensions and competitive dynamics between leading digital asset platforms. Market analysts are scrutinizing the claim, as understanding the causes of volatility is crucial for investor sentiment. The incident underscores the influence major exchanges wield over cryptocurrency prices and market stability.