CZ has addressed the recent $10.11 flash crash, stating that the data involved is neither real-time nor accurate. The announcement comes amid concerns regarding market volatility.
In the wake of the crash, CZ asserted that his personal assets have reportedly grown by $10 billion. The claim highlights the ongoing debate about asset valuation during periods of extreme market fluctuations.
CZ’s response emphasizes the importance of accurate data in evaluating market conditions. He criticized the reliability of information that can impact trading decisions and investor sentiment.
This incident has raised questions about the stability of the cryptocurrency market and the factors that contribute to sudden price drops. As the industry continues to evolve, maintaining trust in data sources remains critical for stakeholders.
