Binance Releases Update on Loss Compensation Plan

crypthub

1 day ago

Binance Addresses Market Volatility and Losses

Binance will cover a $283 million loss stemming from the instability of BNSOL, WBETH, and USDE's peg. Extreme market volatility between October 10th and 11th, 2025, triggered widespread selling and a sharp market decline. The exchange confirmed that its trading engines functioned normally, although some modules experienced brief technical issues.

User Compensation Details

Binance is committed to transparency and compensating users affected by the depeg event within 24 hours. Users who experienced liquidation due to the instability of USDE, BNSOL, and WBETH collateral in Earn products will receive full compensation. This compensation is being distributed in two phases, totaling approximately $283 million.

Technical Issues and Price Anomalies

Temporary transfer and withdrawal delays also impacted users, and they will be compensated for related losses. Triggered limit orders from 2019 contributed to momentary price drops during the market's oversold wave. A visual zero-price error occurred in some pairs due to a user interface issue.