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CryptoPatel
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🚨 BREAKING NEWS: Binance has officially covered around $283 million in user losses after some of its tokens de-pegged during Friday’s market crash.
According to Binance, the issue came from sudden market volatility that caused USDE, BNSOL, and WBETH to lose their peg temporarily. The exchange confirmed that all verified losses
caused by these technical issues have been fully compensated.
While the overall crash wiped out billions in the crypto market, #Binance said users’ market-related losses (not linked to the glitch) won’t be included in the refund.
This is one of the largest compensation moves in crypto history, showing Binance’s attempt to rebuild user trust after a chaotic trading week.
💬 What do you think: was Binance’s quick action enough to restore confidence?
$BTC $ETH
According to Binance, the issue came from sudden market volatility that caused USDE, BNSOL, and WBETH to lose their peg temporarily. The exchange confirmed that all verified losses
caused by these technical issues have been fully compensated.
While the overall crash wiped out billions in the crypto market, #Binance said users’ market-related losses (not linked to the glitch) won’t be included in the refund.
This is one of the largest compensation moves in crypto history, showing Binance’s attempt to rebuild user trust after a chaotic trading week.
💬 What do you think: was Binance’s quick action enough to restore confidence?
$BTC $ETH
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