Alia Al-Ashwal
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Binance Explains Market Collapse and Compensates Users with $283 Million
Users affected by the liquidation of guarantees, Earn products, and transfer delays received a full refund of their money within 24 hours.
Binance announced that it compensated affected users with nearly $283 million following the recent market collapse on October 10.
The company also explained that the situation was due to a brief technical glitch on the same day that led to temporary disruptions and the delinking of some cryptocurrencies.
Binance announced that it compensated affected users with nearly $283 million following the recent market collapse on October 10.
The company also explained that the situation was due to a brief technical glitch on the same day that led to temporary disruptions and the delinking of some cryptocurrencies.
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