An oracle vulnerability on Binance contributed to Friday’s market crash, which clocked in as the largest liquidation event in history at $19 B. In this article, Coinpectra Research analyses newly released forensic orderbook data from the crash.
Coinpectra Research Articles

Coinpectra Research publishes in-depth and unbiased research on digital assets and distributed ledger technology. Our thematic reports span a range of topics from advanced applications of decentralized finance to venture capital and security tokenization. Additionally, we produce bespoke buy-side research for governments, corporations, and private individuals. Our team comprises of management consultants, professional researchers, and seasoned blockchain technologists who have a passion for the blockchain technology.
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Explore how Shutter uses threshold encryption to fight MEV, its strengths and trade-offs.
18743 - Research
The adoption of TEEs in crypto is accelerating. But what does this technology truly offer?
15997 - Research
Itheum is transforming data management with decentralized data NFTs and omnichain infrastructure to support AI development and gaming.
1566 - Research
The alternative stablecoin market is evolving, and projects like Ethena are leading the way, with a total value locked of $2.7 billion.
2766 - Research
Explore the risks of centralization in cloud computing and AI and discover how decentralized models are changing the landscape for innovation and independence.
2367 - Research
Crypto miners are moving away from debt and embracing stock dilution to fuel their AI and HPC ambitions, but the payoff is still uncertain.
2110 - Research
Increased crypto adoption and high treasury yields could push tokenized US Treasurys toward a $3 billion market cap by the end of 2024.
2528 - Research
Monad Labs raised $225 million, led by Paradigm, pushing forward the discussion on parallelized EVM chains.
2776 - Research
A closer look at how Sui’s object-centric model and the Move language can improve blockchain scalability and smart contract development.
10108 - Research
Tokenized real-world assets have surged to a capitalization of $8 billion, outpacing Bitcoin and Ether in both market performance and volatility-adjusted returns.
8932 - Research
The seizure of the Samourai Wallet website and the indictment of its founders might have implications for other privacy-preserving self-custodial tools.
4963 - Research
Pendle Finance and Notcoin recently experienced roughly 58.6% and 400% price growth, respectively, and are thus among the recent top performers.
1546 - Research
Securing funding for the new generation of hardware might be a hard ask for miners amid shrinking investments in the sector.
718 - Research
Hit by the wave of bankruptcies in 2022, investors prioritize cash distributions over market value and pull away from projects with uncertain regulatory implications.
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