According to @KookCapitalLLC, Friday’s liquidation cascade was a coordinated attack initiated by a USDe de-peg that occurred only on Binance, allegedly enabled by Binance’s pricing oracle issues and lax pricing controls on USDe margin collateral, source: @KookCapitalLLC on X, Oct 12, 2025. The author asserts Binance controlled the vulnerability and attack vectors and timed the move around the Trump posts as cover, source: @KookCapitalLLC on X, Oct 12, 2025. The author further claims Binance executed the attack to trigger industry-wide mass liquidations with the goal of damaging Hyperliquid, but states it failed, source: @KookCapitalLLC on X, Oct 12, 2025. For traders, these allegations imply exchange-specific oracle discrepancies can create de-peg risk and forced liquidations for positions using USDe as collateral on Binance, warranting close monitoring of USDe spreads and margin exposures until independently addressed, source: @KookCapitalLLC on X, Oct 12, 2025. The post frames these points as the author’s belief and allegations rather than verified findings, source: @KookCapitalLLC on X, Oct 12, 2025.