Binance Announces Possible Compensation for Those Who Suffered Losses in These 3 Altcoins During Yesterday’s Major Crash

A notable incident occurred in the cryptocurrency market early in the ￰0￱ to Binance data, USDE, BNSOL, and WBETH experienced serious depegs (price departures from their peg). While the USDE price, which should be fixed at $1, fell to $0.6567, BNSOL, indexed to the SOL price, fell to $34.9 and WBETH, indexed to the ETH price, fell to $430.65. Following the incident, Binance released an official ￰1￱ exchange stated that due to price deviations, some users' positions were forcibly liquidated and announced the launch of a comprehensive review ￰2￱ News: Last Night, the Prices of Two Major Altcoins Officially Dropped to $0 on Binance - An Unbelievable Event Binance made the following statement in its statement: The price depreciation event for USDE, BNSOL, and WBETH tokens has led to forced liquidations affecting some users' asset ￰3￱ team is currently conducting a thorough review of the affected users, the liquidation details, and appropriate compensation measures.

“Concurrently, we are strengthening our risk management controls to prevent similar incidents from occurring ￰4￱ recognize the importance of this matter and thank you for your patience and understanding as we resolve the situation.” Binance stated that it will share a new update regarding possible compensation steps for users following the investigation. *This is not investment ￰5￱ Reading: Binance Announces Possible Compensation for Those Who Suffered Losses in These 3 Altcoins During Yesterday’s Major Crash