October 11 crypto crash may have been a coordinated hit on Binance, says Colin Wu

**Crypto Market Faces Coordinated Attack as October 11 Crash Targets Binance Exchange**

The cryptocurrency market experienced a devastating blow on October 11, with billions wiped from Bitcoin, Ethereum, and other digital assets in what blockchain analyst Colin Wu suggests was a deliberate, coordinated attack on Binance. The leading cryptocurrency exchange and its major market makers appear to have been specifically targeted in this massive selloff that sent shockwaves through the DeFi ecosystem.

Wu's analysis reveals the crash exhibited characteristics of a planned strike rather than organic market volatility, raising serious concerns about market manipulation in the cryptocurrency space. The incident highlights vulnerabilities within centralized exchanges and their impact on broader blockchain networks and digital asset prices.

This coordinated assault on Binance demonstrates the interconnected nature of cryptocurrency markets, where attacks on major exchanges can trigger widespread panic selling across Bitcoin, altcoins, and DeFi tokens. The October 11 crypto crash serves as a stark reminder of market fragility and the ongoing need for enhanced security measures within the digital asset ecosystem as institutional adoption continues growing.