💥 Binance pays R$ 1.5 billion in compensations after crypto market chaos

In response to Friday's (10th) collapse, Binance announced the payment of US$ 283 million (~R$ 1.57 billion) to users affected by the decoupling of three assets from the platform.

🔻 What happened?

During the massive liquidation, the assets USDe (Ethena), BNSOL (Solana staking), and WBETH (liquid ETH staking) temporarily lost parity only within Binance, affecting Futures, Margin, and Earn users.

💬 Yi He, co-founder of Binance, publicly apologized, and Guy Young (Ethena Labs) stated that the decoupling was isolated, as USDe maintained liquidity on other platforms.

📌 Highlights:

USDe fell to US$ 0.66 (should have maintained US$ 1)

ATOM dropped to less than US$ 0.01 due to a graphical bug and old orders

Binance executed compensation in two batches over the weekend

The exchange will update indices and systems to prevent new deviations

🔐 Binance also confirmed that there was no external attack — the overall crash occurred before the internal decouplings.

📊 Measures such as:

Redemption price in index calculation

Soft floor for assets like USDe

Display bug fixes (decimal places)

... are being implemented.

💭 Transparency matters:

Do you think Binance acted correctly with these compensations? Or do the risks of these "Earn" and liquid staking platforms need to be clearer?

🗣️ Share your opinion in the comments! 👇

#Binance #USDe #BNSOL #WBETH #Liquidation #Cryptocurrencies #earn #Transparency #CryptoMarket #BinanceSquare