Another big scoop in the crypto world! Cathie Wood's blame-shifting was directly countered by Binance CEO He Yi, making it quite awkward!
On January 26th, Cathie Wood from Ark Invest, during a Fox Business program, directly attributed the recent Bitcoin pullback to Binance, stating that the $28 billion deleveraging event from the massive crypto crash last year was caused by a software malfunction at Binance. This statement caused an uproar in the community, with everyone discussing what role Binance played in this recent crash.
The results will be in two days, on January 28th. Binance CEO He Yi directly confronted the situation, responding to the losses in the cryptocurrency investments of Cathie Wood's funds and her attempts to shift blame. He stated bluntly: Cathie Wood is not a Binance user; we do not serve Americans and American entities, and that is offensive.