In a surprising turn of events, market maker GammaPure has retracted his allegations against Binance regarding the exchange's handling of automated orders during the significant market downturn on October 10. This development comes after Binance provided technical logs that indicated no errors in their system related to reduce-only orders. The publication provides the following information: the logs were reviewed by independent experts who confirmed the accuracy of Binance's claims.
GammaPure's Initial Claims
GammaPure's initial claims suggested that Binance's failure to execute these orders contributed to the market crash, raising concerns among traders. However, the release of the technical logs appears to have cleared Binance of any wrongdoing, leading to GammaPure's decision to delete the accusations.
Community Reactions and Speculations
The retraction has ignited discussions within the crypto community about the possibility of external pressures or financial settlements influencing GammaPure's change of stance. Despite these speculations, GammaPure has maintained that he only received standard compensation through Binance's recovery initiative. He emphasized that his actions were not influenced by any coercive measures.
In light of recent developments in the crypto market, Shiba Inu is currently facing a significant decline in network activity, with daily transactions plummeting dramatically. For more details, see the full report on this issue here.
