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Binance 10/10: the records liquidated users would need

The complete second-by-second mark-price history and collateral valuations? - The index inputs, weights and fallback decisions? - The clipping thresholds and records of when they were applied? - The price bands actually enforced during the…

Original publication · 6 Sep 2026. Figures, claims and opinions reflect the original publication date.

The original publications are in English. Navigation is available in seven languages.

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Original on X ↗

Since you’re asking, @cz_binance, I have a question or two about 10 October 2025.

Can the people liquidated, independently verify your explanation of what happened?

Your own report acknowledges internal transfer problems and weaknesses in the USDe, WBETH and BNSOL price indices.

Asking for the underlying records is entirely reasonable when customers paid the price.

So where can those customers access:

- The complete second-by-second mark-price history and collateral valuations?
- The index inputs, weights and fallback decisions?
- The clipping thresholds and records of when they were applied?
- The price bands actually enforced during the crash?
- The complete liquidation records and volumes per second?
- The anonymised ADL rankings, triggers and executions?
- The engine versions, configurations and deployment records?
- Every relevant parameter change, with timestamps?
- The latency, error rates, rejected orders and failed transfers?
- The insurance fund’s inflows and outflows?
- The bad-debt records and how those losses were allocated?
- An independent review of order priority and matching fairness?
- The relevant proprietary trading exposure?
- The internal market-making positions and delta changes?

And will an independent auditor be allowed to establish whether any internal desk, affiliate or market maker used non-public information, preferential access or execution advantages during the disruption?

Sensitive records can go to independent auditors. Their findings, methodology and limitations can be made public.

Customers should not have to accept the exchange that liquidated them as the sole judge of whether it treated them fairly.

You asked which question to answer. Will you open the records to independent scrutiny?

But damn, you blocked me ages ago when I asked these questions.

Maybe enough people will share this to keep putting them right under your nose.

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