Binance to Compensate Users Affected by Crash in Wrapped Ether, Staked Solana and Ethena’s USDe

Binance to Compensate Users Affected by Crash in Wrapped Ether, Staked Solana and Ethena’s USDe

Wrapped tokens crashed as Binance's infrastructure buckled, making it harder for market makers to stabilize prices.

Binance to Compensate Users Affected by USDe WBETH and BNSOL Depeg During Market Crash and Platform Issues

Binance will compensate users affected by platform issues during the recent crypto market crash. USDe WBETH and BNSOL sharply depegged due to trading delays and loss of market maker access. Binance plans new pricing methods and risk controls to prevent future wrapped token crashes. Binance will compensate users affected by a major selloff that disrupted trading late Friday. The sudden crash caused several wrapped tokens, including Ethena’s USDe,…

Binance to Compensate Users Affected by Crash in wBETH, BNSOL, and Ethena’s USDe

Binance has voluntarily announced compensation for users who incurred losses due to platform’s disruptions late Friday that triggered a significant price crash in wrapped beacon ether (wBETH), Binance Staked SOL (BNSOL), and Ethereum’s synthetic dollar USDe. “Due to significant market fluctuations over the past 16 hours and a substantial influx of users, some users have... The post Binance to Compensate Users Affected by Crash in wBETH, BNSOL, a…

Why did some altcoins on Binance crash to zero? - WorldNL Magazine

Key takeawaysSome altcoins, including Cosmos’s ATOM token, briefly fell near zero on Binance during Friday’s crypto market crash.The same altcoins held real market value on other centralized crypto exchanges.On Oct. 10, the cryptocurrency suffered its most severe downturn since the FTX collapse, with the total market capitalization dropping by approximately $850 billion within hours.Bitcoin (BTC) fell around 10–15%, from highs near $124,000 to l…

Binance To Compensate Users Following Price Depeg Incident

Binance has announced its plans to compensate some users who lost funds during the market-wide crash on Friday, October 10. The world’s largest cryptocurrency exchange by trading volume acknowledged a price depeg incident, which led to forced liquidations for some traders. Affected Users To Receive Compensation In 3 Days: Binance In an October 11 post […]

Binance To Compensate Users Following Price Depeg Incident — Details

Binance has announced its plans to compensate some users who lost funds during the market-wide crash on Friday, October 10. The world’s largest cryptocurrency exchange by trading volume acknowledged a price depeg incident, which led to forced liquidations for some traders. Affected Users To Receive Compensation In 3 Days: Binance In an October 11 post on the X platform, Binance co-founder and chief customer support officer Yi He confirmed that s…