PANews reported on January 31 that Wishful Cynic, founder of Wintermute, stated on the X platform, "I really hope public figures can be more careful with their words. 10/10 was clearly not a 'software glitch,' but rather a flash crash in a highly leveraged market caused by insufficient liquidity on Friday night, influenced by macroeconomic news. Speaking of which, I understand nobody likes being in a bear market and watching all assets except cryptocurrencies rise. Finding a scapegoat is certainly satisfying, but shifting all the blame onto one exchange is simply dishonest."

This morning, Binance released a report on the "1011" market flash crash, acknowledging two technical glitches, but stating they were not the main cause of the decline. Subsequently, the CEO of OKX accused Binance of using marketing activities to trigger the October crypto market flash crash.