Cathie Wood clarifies to Changpeng Zhao: Binance did not trigger the 1010 flash crash

Techub News, according to WuBlockchain, ARK Invest CEO Cathie Wood clarified to Binance founder Changpeng Zhao on May 7, 2026, that Binance did not trigger the flash crash on October 10. She acknowledged that there was a software glitch at the time but emphasized that the exchange was not the cause of the market plunge. This statement provides a new perspective on Binance's responsibility in the 1010 flash crash incident. Wood expressed her hope to ensure the public understands the actual situation and avoids misunderstandings about the platform.