PANews reported on January 31 that Dragonfly partner Haseeb stated that OKX Star's comments regarding Binance's responsibility for the October 11 crash were unreasonable. Binance founder CZ retweeted the post and commented, "Dragonfly was once one of OKX's largest investors. The data speaks for itself, and timelines contradict the truth. I'm glad to see people starting to understand the facts. I'll try to stop commenting on this topic. Let others talk about us; we're focused on our work. There's still a lot of work to do."

In his analysis, Haseeb points out that Bitcoin's price bottomed out approximately 30 minutes before the USDe anomaly on Binance, clearly reversing the causal relationship. Furthermore, the USDe price deviation occurred only on Binance and did not spread to other trading platforms, failing to explain the large-scale liquidation across the entire market. This is fundamentally different from events like Terra that caused global balance sheet shocks. Haseeb emphasizes that the October 11th crash did not have a simple, conspiratorial "single culprit." While the market suffered a severe blow, it was not permanently damaged in the long run; it simply needs time to restore liquidity and confidence.