Binance compensates users affected by the decoupling of USDE and other assets with $283 million. 💯🙌 On October 10, during the 'black swan' event, several modules of the exchange experienced brief failures. According to Binance, the issue began on October 10 at 21:18 Coordinated Universal Time, coinciding with extreme market volatility. Assets such as USDE, BNSOL, and WBETH briefly decoupled. The market crash occurred before the decoupling event. Data shows that prices bottomed out between 21:20-21:21 Coordinated Universal Time, while severe decoupling happened after 21:36. Binance refuted rumors that its 'Binance Earn' product triggered the crash. During the chaos, some assets briefly displayed 'zero price' in the spot market. Binance clarified that this was a display error and not a real crash. Within 24 hours, Binance has fully compensated all affected users, including those who faced forced liquidation due to collateral decoupling.
Total compensation amount: $283 million. Binance reiterates its commitment to transparency and accountability during extreme market events. Swift action prevented further spread and restored platform stability. Even the largest exchanges can encounter 'black swan' events. The key lies in the response—Binance's rapid and comprehensive compensation measures set a strong benchmark for accountability in centralized exchanges. @Binance News @Yi He #加密市场观察 #BNBChainMeme热潮
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