Binance's "K-Line Repair Gate" ignites the community: Data altered after the ATOM flash crash, liquidated users angrily demand their rights.

Binance ATOM price suddenly experiences a big dump and then “replenishes”? The community questions the transparency of the exchange data.

On October 11, 2025, the cryptocurrency exchange Binance (Binance) experienced an anomaly in the K-line data of the ATOM/USDT trading pair, sparking heated discussions in the community. According to several users, the price of ATOM plummeted to as low as $0.01 on that day, far below the market average, causing many leveraged traders to face liquidation. After the incident escalated, Binance adjusted the historical K-line data, leading to controversy within the community regarding “data being modified.”

The community questions whether Binance is trying to “cover up mistakes” or even manipulate the market. Related discussions quickly spread on X, with topics like #BinanceATOM rapidly trending, accumulating over 500,000 views. This report consolidates the event's timeline based on user screenshots, discussions, and customer service responses, attempting to restore multiple perspectives.

ATOM big dump to 0.01 USD after K line was “repaired”

According to screenshots and trading records shared by multiple X users, on October 11, the ATOM/USDT trading pair on the Binance platform experienced an extreme flash crash, with the K-line showing a low price dropping to 0.01 dollars, and even lower to 0.001 dollars. Meanwhile, the market prices on other platforms remained stable in the range of 4 to 5 dollars.

This wave of extreme volatility led to a large number of users who used high leverage being instantly liquidated, suffering heavy losses. A few hours later, users discovered that the K-line chart for the trading pair had been quietly “fixed”, with the original low point adjusted to $1.54, and the trading volume curve also became smoother, showing only about a 60% normal price correction.

Besides ATOM, the IOTX/USDT trading pair has also experienced a similar situation: the price was adjusted from 0.00 USD to 0.00119 USD.

Get scolded and change it back?

After being criticized by the community, some netizens discovered today that the K-line chart has returned to display (10/14). However, some netizens responded that when switching to the 3-day line, it did not change.

Binance customer service stated that “price correction” is not data fabrication.

After the incident, some users claimed to have contacted Binance customer service to inquire whether the K-line data had been modified. Initially, customer service denied adjusting the data, but after facing screenshots and group feedback, they changed their response to “price correction,” emphasizing that this is a routine operation to correct abnormal fluctuations and not a malicious modification.

Binance's official statement: The system's matching of long-standing limit orders caused a flash crash, not manipulation.

Until the incident continued to escalate for several days, Binance finally responded to the cause of the incident in its announcement and clarified the technical logic behind the data anomaly:

1. Unilateral liquidity triggers “historical orders”

According to Binance, certain trading pairs (such as ATOM and IOTX) had users placing limit orders at extremely low prices in the early years, some traceable back to 2019. In extreme one-sided markets (with a large number of sell orders), these historical limit orders were matched by the system, causing the price to instantly reach extremely low levels, forming what is known as a “spike market”.

Binance emphasizes that its contracts use a “mark price mechanism” that automatically excludes abnormal prices to prevent liquidation errors, so contract users were not affected by this. The mark price can also be checked through the contract candlestick chart.

2. Precision display issue causing a “reset illusion”

In certain trading pairs (such as: IOTX/USDT), due to recent adjustments to the minimum price movement unit, there have been display issues with the decimal places, resulting in prices visually appearing close to zero, but they have not actually been executed at that price level.

3. Front-end display optimization and future corrective measures

Binance stated that to improve user experience, the platform will optimize the K-line and price display logic, and will perform front-end correction on abnormal prices (but will not make a separate announcement), in order to enhance the stability and clarity of trading information. The API interface will not be affected, and the data will remain consistent.

( Binance compensates users over 280 million USD, clarifying that decoupling is not the main cause of the market big dump )

Community Voice: Over 60% of users believe it is data manipulation.

Despite Binance providing a technical explanation, the community's response remains polarized. According to statistics from about 200 related posts on platform X, community opinions can generally be divided into the following four categories:

Viewpoint Classification Description Proportion (Estimated) Data Manipulation Allegations Accusations that Binance intentionally caused a big dump to liquidate high-leverage positions, and later modified data to cover up the facts. About 65% Technical Failure Explanation Believes that it was a visual error caused by API errors or price recovery processes, not a substantive issue. About 20% Market Risk Analysis Points out that high leverage and low liquidity coins are prone to similar spike market conditions, which are normal market risks. About 10% Neutral or Other Viewpoints Believes that cross-referencing multiple platforms is necessary and that one should not rely solely on a single K-line chart. About 5%

It is worth noting that over 80% of the discussions come from Chinese users, with some self-proclaimed victims of liquidation calling for collective rights protection in the community, including demands for Binance to compensate and conduct third-party data audits.

Binance Repairs K-Line Behind: Technical Issues or Trust Crisis?

The flash crash of ATOM and the K-line repair event once again highlight the structural issues of transparency in centralized exchanges. Although Binance has explained that this incident was caused by historical limit orders and price display accuracy issues, the community's dissatisfaction and distrust remain persistent in the absence of real-time announcements and clear risk control explanations. As the cryptocurrency trading market matures further, the demand for “data immutability” is also increasing. Whether Binance can introduce clearer and auditable data processing procedures in the future will directly impact its market leadership and user confidence.

This article “Binance 'K Line Repair Gate' ignites community: Data modified after ATOM flash crash, liquidated users angrily shout for rights protection” first appeared in Chain News ABMedia.