cryptd.in

另类 LinkedIn 适合加密人才

Binance Explains Market Crash and Reimburses Users $283M

-

由

cryptd.in
于

Binance has announced that it has compensated affected users with approximately $283 million following the recent October 10 market meltdown.

The company also shared that the situation had been caused by a brief technical glitch on the same day that resulted in temporary disruptions and de-pegging in some cryptocurrencies.

What Really Happened During the Crash

On October 12, the exchange released a statement explaining the extreme price swings that took place after global economic events triggered heavy sell-offs across the cryptocurrency market.

The crash had traders panic-selling across several platforms, leading to over $7 billion in liquidations in the first hour. As a result, Bitcoin, Ethereum, and other major digital assets plunged, while synthetic tokens like USDE and BNSOL lost their pegs.

However, Binance said it compensated affected users within 24 hours and later determined that its platform played only a minor role in the overall decline.

“The forced liquidation volume processed by Binance platform accounted for a relatively low proportion to the total trading volume, indicating that this volatility was mainly driven by overall market conditions,” the company said.

Customers who lost funds through collateral liquidations were fully reimbursed, while those affected by delays in internal transfers or Earn product redemptions will also receive refunds.

In total, the crypto giant paid out $283 million to users impacted by the de-pegging of its Earn products tied to USDE, BNSOL, and WBETH. It also clarified that the crash happened before the peg disruption, not because of it.

“The extreme market downturn occurred before the de-pegging. Records show that during the market sell-off, prices fell to their lowest point between 2025-10-10 21:20 and 21:21 (UTC), while the severe de-pegging occurred after 21:36 (UTC) on the same day,” read the statement.

Binance Addresses Sudden Price Drops

There have also been concerns about sudden price drops in some spot trading pairs. Binance claimed it had carried out investigations which revealed that the declines happened when old limit orders, some placed as far back as 2019, were triggered during the sell-off at a time when there were very few buy orders. This caused brief moments where certain token prices nosedived before returning to normal levels.

The statement also explained that the “zero price” seen in pairs like IOTX/USDT was a display issue caused by recent changes to the number of decimal places allowed for price movements.

Binance said it is now fixing the user interface and improving its systems to prevent similar problems in the future. The company confirmed that its API was not affected during the incident and emphasized its commitment to transparency and ongoing system improvements.

Friday’s market dip is now considered the largest liquidation event in cryptocurrency history. Triggered by President Trump’s threat of a 100% tariff on Chinese tech imports, the event wiped out over $19 billion in leveraged positions within 24 hours, impacting more than 1.6 million traders globally.

The incident erased nearly $1 trillion in market capitalization within three hours, with analysts noting that the size of sell-offs surpassed previous collapses like Terra Luna and FTX.

职位 Binance Explains Market Crash and Reimburses Users $283M 首次出现在 加密土豆.

评论

發佈留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

zh_TW 繁體中文
zh_TW 繁體中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (425) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (73) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (69) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (5) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。