Binance has compensated $283 million for asset de-anchoring, spot "zero price" is only a display issue
2025-10-12 18:25:19
On October 13, Binance released an announcement to review the technical failure and asset de-anchoring incident that occurred on October 10, confirming that it has compensated the affected users about 283 million US dollars. During the event, some assets such as USDE were de-anchored due to violent market fluctuations. Binance completed the compensation within 24 hours and took the initiative to bear the user's loss due to passive positioning squaring of collateralized assets. In addition, some spot trading pairs experienced extreme price fluctuations and "zero price" display problems. Binance said that this is only a display problem, and plans to optimize the interface display to improve the user experience.
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