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Hyperliquid vs Binance drama unfolds in real-time

Binance co-founder Changpeng Zhao and Hyperliquid co-founder Jeffrey Yan are arguing about which exchange better handled Friday’s sell-off.

How Binance’s USDe ‘depeg’ cost the exchange millions

During the chaos, Ethena’s “synthetic dollar” USDe briefly traded at just $0.65 on Binance. The exchange has reimbursed victims with $283M.

Binance Wallet is now incorrectly displaying user balances as $0 following this weekend’s chaotic $20B crypto crash.

Traders followed every post and signal by Zhao to trade endless BNB Chain memecoins, yet he wants to back away from his influential role.

According to net worth estimates from Forbes and Bloomberg, Zhao’s net worth has increased by approximately $20B since leaving prison.