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BREAKING NEWS: Binance CEO, Richard Teng ...
BREAKING NEWS:
Binance CEO, Richard Teng, has announced that Binance will compensate affected users who lost funds during last night's extreme volatility, which caused several markets to "decouple."
In a public statement, Teng apologized: “I deeply regret all those who were affected … We make no excuses, we listen carefully, learn from what happened, and are committed to improving.”
He clarified that refunds will only be considered for losses due to issues caused by Binance, not for losses from general market movements or unrealized gains.
The affected tokens included USDe (a stablecoin), BNSOL (Binance's liquid staking token for Solana), and WBETH (Wrapped Beacon ETH staking token), each seeing strong deviations from their expected pegs.
This comes amid a broader effort by Binance to restore trust and stability following regulatory scrutiny and previous controversies.
#Binance #CrushBitcoin
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