Binance Compensates Users after Depeg Event
Binance, the world’s largest cryptocurrency exchange by trading volume, has compensated users with approximately $283 million following a temporary price depegging of three Binance Earn assets during market volatility.
- Ethena’s stablecoin USDe
- Binance’s Solana liquid staking token BNSOL
- Wrapped Beacon ETH (WBETH)
According to Binance, the compensation covered users who held these assets as collateral between 21:36 and 22:16 UTC on October 10, 2025, as well as users who experienced verified transfer or redemption delays.
Binance stated that the market downturn began before the depegging episode, amid online rumors suggesting the depeg was triggered by an attack on the exchange.
The compensation was completed within 24 hours across two batches, aligning with Binance’s user protection policy.
During the event, Binance compensated futures, margin, and loan users.
Author’s summary: Binance compensated users $283 million.
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