🚨 Urgent: Binance Covers User Losses of $283 Million After Market Crash!
Binance has officially provided compensation to users for losses amounting to approximately $283 million after the temporary de-pegging of several tokens - including USDE, BNSOL, and WBETH - during the sharp market crash on Friday.
According to Binance, the issue arose from sudden market fluctuations, and all realized losses resulting from the technical glitch have been fully refunded.
However, the platform clarified that market-related losses not associated with the de-pegging will not be included in the refund process.
This represents one of the largest compensation efforts in the history of cryptocurrencies, highlighting Binance's efforts to restore user trust after a turbulent week in the markets.
💬 Do you think Binance's swift response is sufficient to rebuild trust?
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