Binance Faces Flash Crash as Altcoins Plunge 90%, CEXs Blamed for Liquidation Cascade

The crypto market woke up to chaos early this morning. Multiple altcoins on Binance suffered flash crashes exceeding 90%, with IOTX briefly falling to $0, according to market data. The abrupt declines triggered shockwaves across the industry as traders scrambled to understand what happened. Cross-Margin Liquidations May Have Triggered the Crash BitMEX co-founder Arthur Hayes …