The sudden deletion of a market maker’s post accusing Binance of causing trading problems during the October 10 crash sparked widespread scrutiny and debate across the crypto industry.
The removal has put Binance under intense scrutiny, with users wondering whether the exchange was trying to suppress criticism or influence the narrative.
Deleted Binance criticism raises concerns of cover-up
For context, the cryptocurrency market plummeted following President Trump’s tariff hikes, wiping out billions of dollars in value. Amid this, Binance, the world’s largest exchange, faced widespread anger. Users reported significant failures on the platform, including account freezes and stop loss suspensions.
The exchange attributed the disruption to heavy trading activity. However, many traders accused Binance of profiting during the turmoil.
Notably, other exchanges such as Coinbase and Robinhood also experienced outages. In response to the backlash, Binance announced a $400 million recovery plan on October 14th.
But earlier this week, trader GammaPure claimed that he and many other market makers suffered millions of dollars in losses because Binance failed to execute automated orders during the market crash. The trader also claimed to have proof.
Some of GammaPure’s deleted posts. Source: X/Rectco
Nevertheless, the post was quickly deleted. This sudden disappearance increased uncertainty in the industry. Some speculated that Binance may have applied pressure, while others suspected that personal arrangements may have motivated the removal.
“Original post by @GammaPure has been deleted. Interesting. Any speculation as to why? Is there some backroom deal going on?” the analyst wondered.
Does anyone else find it strange that a long post from @GammaPure about how @binance and @cz_binance caused a system failure and only greenlit orders to certain MMs, negatively impacting everyone, has now been deleted?
The cabal is doing cabal things. Shut people up.
— Zach (@CryptoZachLA) October 22, 2025
Why did GammaPure delete X’s post?
Addressing this rumor, GammaPure later explained on X that it removed the post after confirming new technical data from Binance. He initially blamed the exchange for the API order failure, saying he posted about it publicly and received support from other affected users.
However, he deleted the post after Binance’s technical team revealed logs that did not indicate a system error.
“Yesterday, I created a group chat with some of my Binance colleagues and they indicated that they had their first full and formal conversation with me. My main argument was that the API order failed and the reduce-only order returned a 503 error.” However, Binance’s technical team provided full logs during our meeting, which showed that no 503 errors occurred on reduction-only orders. An investment company connected to my friend also joined the investigation. “The main account management team and their staff have reviewed the global logs and confirmed that there are no 503 errors on reduction-only orders,” the post reads.
Regarding payment speculation, the trader clarified that he only received a standard one-time fee from Binance’s Together Initiative, and did not receive any secret settlements or hush money. He commented:
“Some followers said that Binance ‘paid them to stay silent.’ The truth is that only those who met the criteria and did not file a claim received the payment. Those with claims will be considered on a case-by-case basis to determine whether it is the platform’s fault before compensation is determined.”
GammaPure added that it decided to withdraw not out of compromise, but because it could no longer confirm what information was accurate and did not want to spread misinformation.
The post by market maker accusing Binance of trading glitches, controversial and deleted post appeared first on BeInCrypto.
