Cathie Wood walks back Binance flash-crash claim, says the exchange did not trigger the October 10th event.

ARK Invest CEO Cathie Wood has publicly clarified to Binance founder CZ that the exchange was not responsible for the October 10th flash crash. Speaking on May 7, 2026, Wood stated: "We know there was a software glitch but Binance did not trigger the October 10th flash crash. I want to make sure everyone understands that. We know it was not Binance."

The clarification walks back remarks Wood made during a Fox Business interview on January 26, in which she linked the crash to a software glitch on Binance — comments that sparked months of community debate. The event itself involved a $28 billion deleveraging episode.

With Wood now separating the glitch from the trigger, the question of what actually caused the October 10th crash remains open. The retraction removes Binance from the frame but does not point to an alternative cause.