Binance Pays $283 Million to Users After Token Depegs Trigger Major Losses

Binance Pays $283 Million to Users After Token Depegs Trigger Major Losses

Crypto exchange Binance compensated affected users after several major tokens — including USDe, BNSOL, and WBETH — lost their pegs during a period of extreme market volatility on Friday. Binance said it paid out around $283 million in compensation in two batches to Binance Earn users, after reviewing all futures, margin and loan users over a period of 72 hours. The exchange also plans to implement additional safeguards to prevent another depeg e…

Binance Confirms $283M User Payout After Pegged Assets Unravel in Brutal Liquidation Wave

Binance has revealed a $283 million payout after massive liquidations and cascading losses rattled crypto markets, exposing deep volatility and testing investor confidence across exchanges. Binance Concludes Market Volatility Review, Pays out $283M in User Compensation Crypto exchange Binance announced on Oct. 12 that it had completed a full assessment of the extreme market volatility...

Binance Pays $283 Million After Depeg Triggers Liquidations

Binance has confirmed that it reimbursed $283 million to users affected by a recent wave of liquidations triggered by asset depegging during sharp market volatility. The compensation was issued after USDe, BNSOL, and wBETH briefly lost their pegs, leading to a cascade of liquidations across several trading products. According to Binance, the reimbursement process was completed within 24 hours. Despite the chaos, the exchange stated that its core…

The Daily: Binance pays $283 million in compensation following Friday's depegs, bitcoin recovers above $114,000 as crypto market stabilizes after historic wipeout, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Happy Monday! What a wild end to last …

Binance’s Yi He Refutes FUD Claims After Market Crash, Confirms $283M User Payout

Binance co-founder Yi He addressed rumors following the market crash, confirming stable core systems. The exchange compensated users with over $283 million after collateral asset depegging. Binance linked sudden price drops to legacy limit orders and display glitches, not system manipulation. Following one of 2025’s most volatile trading days, Binance’s Co-Founder Yi He publicly dismissed rumors that the exchange had triggered the market crash o…

Binance Issues $283M Compensation After Market Turbulence The VR Soldier

Binance has announced a $283 million payout following recent volatility that tested the resilience of major assets. While many tokens struggled to recover, Binance Coin (BNB) emerged as one of the strongest performers, rebounding 14% on October 12 after a sharp 12% pullback. Market Recovery and Investor Reactions BNB’s recovery placed it just 3.5% below its all-time high, underscoring its relative strength amid uncertainty. It is also on track t…