CZ: No One in the World Is Crazy Enough to Manipulate Bitcoin
On January 31, Binance founder Changpeng Zhao stated in an AMA that the October 10 market crash was triggered by a tariff announcement, not Binance system error or price manipulation. He emphasized neither he nor Binance profits from trading crypto, noting Bitcoin is a $2 trillion market and moving its price would risk hundreds of billions—"no one in their right mind would do that." He added Binance is a compliant entity regulated by ADGM, with U.S. monitors embedded, making misconduct impossible. Affected users have been fully compensated for system failures. Zhao warned no technology guarantees zero downtime and relying on perfect system operation carries significant risks.
Source：app.binance.com