As markets reeled from President Trump’s tariff escalation, Binance — the world’s largest crypto trade — is dealing with widespread outrage after customers reported frozen accounts, failed stop-loss orders, and flash crashes that despatched a number of cash to close zero.
Social media erupted late Friday after merchants claimed that Binance’s methods locked up through the heaviest liquidation wave of the yr.
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A number of Altcoins Crashed To Zero On Binance
Cash corresponding to Enjin (ENJ) and Cosmos (ATOM) briefly confirmed costs crashing to $0.0000 and $0.001, respectively, earlier than rebounding.
Some merchants reported being unable to shut or hedge positions as losses spiraled.
Binance has confirmed as soon as once more why they’re the largest scammers in crypto
Throughout the current market crash, they froze consumer accounts throughout the board, stopping merchants from accessing their funds at essential moments. Restrict orders and stop-loss features had been conveniently… https://t.co/2KACQ9Ns6B pic.twitter.com/BA08yzezwT
— Cowboy (@CryptoCowboy_AU) October 11, 2025
Binance acknowledged the disruption, citing “heavy market activity” that brought about system delays and show points, however assured customers that “funds are SAFU.”
Nonetheless, customers accused the trade of market manipulation, claiming the freeze allowed Binance to revenue throughout what some described as the most important liquidation occasion in crypto historical past.
on account of our market makers manipulation, some customers could expertise adverse steadiness
we’re actively ensuring everybody get a justifiable share of it.
don’t have a good time but, your bag may nonetheless go down by -90%
thanks on your consideration to this matter!
— Ola Ξlixir (@thegreatola) October 10, 2025
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A number of high-profile merchants alleged that Binance disabled restrict and stop-loss features at essential moments. Others claimed that each lengthy and brief positions had been liquidated whereas order books froze.
Tweets described widespread system overloads and customers being unable to execute trades for minutes at a time.
Notably, Binance wasn’t the one trade to expertise such outage and freeze transactions. Coinbase and Robinhood reported related points.
Large Neighborhood Backlash In opposition to Binance After Yesterday’s Crypto Market Crash
Nonetheless, this isn’t the primary time Binance has confronted such accusations. Some merchants in contrast it to an analogous incident earlier this yr, when sudden service halts coincided with large-scale liquidations.
Critics are actually calling for regulators to research the trade’s inside controls, whereas retail merchants are renewing calls to maneuver funds off centralized exchanges.
Binance outage doubtless amplified the crash triggered by Trump’s 100% China tariff risk, which had already wiped $200 billion from the worldwide crypto market earlier within the day.
The mixture of geopolitical panic and technical failures turned an already extreme sell-off right into a historic meltdown.
For now, Binance says its methods are again on-line, however customers proceed to report delayed withdrawals and frozen P2P transactions. The corporate has not introduced any compensation for merchants affected by the flash crashes.
