Some cryptocurrency prices are off anchor, Binance pays $283 million compensation
2025-10-12 20:45:36
On October 13, cryptocurrency exchange Binance said that it has paid a total of $283 million in compensation to users after last Friday's wild market volatility caused three crypto assets to be de-anchored. The decline appears to have triggered the de-anchoring of three asset classes: Ethena's stablecoin USDe, Binance's Solana liquidity pledge token BNSOL, and Wrapped Beacon liquidity pledge token WBETH. USDe, which was supposed to be pegged to $1, briefly fell below $0.66 on the Binance platform. Binance said the compensation targets include futures, leveraged and lending users who used USDe, BNSOL or WBETH as collateral between 21:36 and 22:16 UTC on the day, as well as users who suffered verified losses due to internal transfers or redemptions.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
