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A market maker’s deleted post has sparked renewed debate around Binance trading glitch allegations following the October 10 market crash that wiped billions from global crypto markets. The post, published by trader GammaPure, accused Binance of failing to execute automated orders and freezing key trading functions at the height of market turmoil.
The controversy erupted after the trader abruptly deleted his post, triggering speculation about possible suppression or private settlements. Binance, the world’s largest cryptocurrency exchange, later released technical logs disputing the claims, asserting that no trading malfunction occurred during the crash.
GammaPure’s claims added fuel to existing criticism of Binance’s handling of high-volatility events. Users have long alleged that the exchange benefits when systems fail during critical price movements.
However, after reviewing Binance’s technical evidence, GammaPure retracted his statements, clarifying that the Binance trading glitch allegations were unfounded.
“Yesterday, I created a group chat with some colleagues from Binance… My main argument was that ‘API orders failed, and reduce-only orders returned a 503 error.’ But Binance’s technical team provided complete logs… which showed that the reduce-only orders never encountered a 503 error,” — GammaPure, trader, on X.
The controversy traces back to the crypto market collapse that followed President Trump’s tariff escalation on October 10. The sudden drop triggered massive sell-offs across exchanges, freezing billions in liquidations. Traders reported halted stop-loss orders, frozen accounts, and widespread delays — incidents that formed the basis of the Binance trading glitch allegations.
Binance initially attributed the disruptions to “intense trading activity,” insisting that its systems remained operational throughout the crash. Nevertheless, users across social media platforms expressed doubts, with some accusing Binance of selectively prioritizing market makers or internal accounts.
An X user, @CryptoZachLA, questioned the deletion of GammaPure’s post, writing:
“Anyone find it odd the long post from @GammaPure regarding how @binance… failed during the crash is now deleted? The cabal is doing cabal things. Silencing people.”
Despite these suspicions, Binance maintained its position that its systems operated normally. The exchange pointed to its October 14 announcement of a $400 million recovery fund designed to compensate affected traders — a move intended to stabilize confidence after the crash.
In a follow-up post, GammaPure stated that he deleted his earlier comments after meeting with Binance’s technical team and verifying the exchange’s data. He said the company provided detailed logs proving there was no 503 error for reduce-only orders, effectively debunking his original claim.
“The main account management team and their responsible staff reviewed the global logs and confirmed that there was no 503 error for reduce-only orders,” — GammaPure, in a later X post.
The trader also addressed rumors that he had received “hush money” from Binance to retract his statements. He explained that his only compensation came from Binance’s Together Initiative, a standard recovery program for users impacted by the October 10 events.
“Some followers said Binance ‘paid me to keep quiet.’ The truth is: only those who met the criteria and hadn’t filed a claim received payments,” — GammaPure, via X.
He emphasized that his decision to step back was based on accuracy, not external pressure. “I decided to step back because I could no longer confirm what information was accurate,” he wrote, urging followers not to spread misinformation.
While GammaPure’s retraction appears to have calmed immediate controversy, the Binance trading glitch allegations underscore broader industry concerns about exchange transparency and crisis communication. Binance has faced mounting global scrutiny from regulators, particularly over operational integrity and user protection during high-volatility events.
Analysts suggest that the incident could intensify pressure on Binance to adopt greater public auditing mechanisms and real-time disclosure practices during market disruptions. For many traders, the rapid deletion of GammaPure’s post has raised enduring questions about accountability in centralized crypto exchanges.
Still, the incident also highlights the power of open dialogue between users and exchanges in resolving disputes. By releasing internal system logs, Binance may have set a precedent for addressing future technical concerns more transparently.
For now, the Binance trading glitch allegations remain a cautionary episode in the crypto industry’s ongoing struggle for trust, transparency, and stability during turbulent market conditions.
