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BREAKING: Binance Announces It Will Compensate Users Who Suffered Losses in These Three Altcoins Yesterday

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2 hour ago

BREAKING: Binance Announces It Will Compensate Users Who Suffered Losses in These Three Altcoins Yesterday

Binance has released a comprehensive statement regarding the price drift (depeg) incident experienced by USDE, BNSOL, and WBETH tokens during the recent market volatility. The company announced that all users affected by the incident will be compensated within 72 hours and that improvements have been made to risk control systems to prevent similar situations in the future. Binance's statement read, “We are aware that recent market volatility and platform-related issues have impacted some of our users. We sincerely apologize for any inconvenience.” The exchange announced a compensation plan covering all Futures, Margin, and Borrower users who held USDE, BNSOL, or WBETH as collateral between 00:36–01:16 (UTC+3) on October 10, 2025 and experienced liquidation due to depeg. The compensation amount will be calculated based on the difference between the market price and the user's liquidation price as of 03:00 (UTC+3) on October 11, 2025. Users who do not fall into this category can contact Binance customer support and request an individual evaluation. Binance announced that it has implemented various technical measures to prevent similar incidents from occurring again. Accordingly, Redemption price will be added to the index weights for BNSOL, WBETH, and USDE. A minimum price threshold will be introduced to the USDE index rule, thereby increasing price stability. The frequency of review of risk control parameters will be increased, allowing for a more dynamic response to market conditions. *This is not investment advice.

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