Why did BinaryX crash?

Ladies and gentlemen, could I please have your attention? I'm here today to pose a rather pressing question that has been on the minds of many investors and enthusiasts alike. The topic in question is the recent and rather dramatic crash of BinaryX, a cryptocurrency that had been on a steady rise until recently. Now, the value has plummeted, and investors are left scratching their heads. Could it be a market correction? An internal issue with the currency? Or perhaps, some sort of external influence? As we stand here today, the reasons for this crash remain unclear. So, I ask you, why did BinaryX crash? What are the underlying factors that led to this sudden and significant drop in value? We would appreciate any insights or perspectives on this matter. Thank you.