PANews reported on May 7th that ARK Invest CEO Cathie Wood and Changpeng Zhao (CZ) reviewed the "1011 Crypto Market Flash Crash" last year in a recent interview. Wood clarified that Binance did not actively trigger the crash; rather, the sharp market decline caused malfunctions in some platform functions, which, combined with tariff anxieties, amplified the market's systemic vulnerability at the time. She stated that there had been misunderstandings regarding Binance's responsibility in the incident.

CZ responded: Thank you for your clarification. That statement was widely quoted by the media, and many people said that Binance caused the collapse. I'm glad you have now clarified this.