Zhao Changpeng Responds to Binance Flash Crash Accusations

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Feb 01 2026

Should l Buy ARK?

Flash Crash Overview: The October 11, 2025, cryptocurrency flash crash resulted in over $19 billion being liquidated within 24 hours, with Bitcoin's price dropping approximately 15%, impacting over 16,000 accounts, highlighting the extreme volatility and fragility of exchange operations.
Zhao Changpeng's Response: Binance founder Zhao Changpeng dismissed the accusations against the platform as 'distorted FUD,' emphasizing that the company has compensated users over $328 million and established a $300 million recovery fund, demonstrating a commitment to industry growth.
Industry Reactions and Criticism: Other industry figures like Star Xu and Cathie Wood attributed the crash to mismanagement or software failures, sparking discussions about the robustness of exchanges and investor protections, underscoring ongoing challenges in the crypto market.
Market Dynamics and Regulatory Outlook: According to CoinMarketCap, Bitcoin's market cap stands at $1.54 trillion, dominating 59.23% of the crypto market, while trading volumes fell by 25.49% in 24 hours, indicating shifting market dynamics that may lead to stricter regulations on large exchanges like Binance.

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Technical Analysis for ARK

Technical Sentiment Analysis for Ark (ARK) As of , Ark (ARK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ARK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ARK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ark (ARK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-0.138	0.00573	0.102	0.246	0.342	0.486	0.582
Fibonacci	0.00573	0.0974	0.154	0.246	0.337	0.394	0.486

About ARK

ARK is a cryptocurrency- and blockchain- based development platform allowing anyone to create their own fully customizable and interoperable blockchain. Reducing the industries need for Smart Contracts by using custom transactions, logic and multiple programming languages. ARK was founded in mid 2016, running a Toekn Exchange Campain(TEC) later that year which raised $800K in bitcoin and other exchanged cryptos. Sound financial planning has allowed the team to become a well-funded entity since its inception. On March 21, 2017, the ARK Public Network went live, hosting the native ARK crypto asset. The ARK business entity formed shortly after, called ARK ECOSYSTEM SCIC. The business entity is commonly referred to as 'ARK.io' which is part of the teams branding as well as the teams website.The ARK Ecosystem consists of an open-source blockchain technology stack authored in TypeScript programming language. ARK’s public network acts as a live implementation of ARK technology, node operators acting as delegates on the network, standalone blockchains running on ARK technology with independent node operators, business entities that develop products powered by ARK as well as assist in maintaining the code base, an enterprise division driving adoption as well as a community of users, developers and service providers.The ARK Public Network supports special transaction types such as multi-payment, multisignature, many various registration transactions, and IPFS hash transactions. ARK’s Launcher product, allows fully customizable interoperable blockchain creation using a graphical user interface. This plug and play creation method allows developers to fully utilize ARK’s consensus model, technology stack, product line and custom transactions.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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