BlockBeats News, May 7th. Recently, "WoodSis" Cathie Wood had a podcast conversation with CZ. WoodSis clarified her comments from last year regarding the 1011 crypto market flash crash event. During the "flash crash" event, Binance did not actually trigger the flash crash. Instead, a sharp decline led to a malfunction. The overlay of tariff panic further amplified the market's fragility.

CZ responded to this: Thank you for your clarification. That statement was once heavily quoted by the media, and many people said that Binance caused the crash. I'm glad you have now clarified this.