Crypto exchange giant Binance says it will pay around $283 million to customers affected by asset disconnection issues during Friday’s market crash.
The compensation covers losses from liquidated positions where users had USDE, BNSOL and WBETH as collateral.
President Trump’s renewed tariff threat against China triggered the widespread market sell-off, and Binance is denying claims that the country is responsible for the major crypto decline.
“We are aware of claims that the disconnection of certain Binance Earn products related to USDE, BNSOL and WBETH caused the market crash, and therefore we would like to clarify that this was not the case.
The extreme market decline occurred before the decoupling. Data shows 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 decoupling occurred after 21:36 (UTC) on the same day.
Where the de-pegging affected some users who had their positions liquidated due to holding these assets as collateral, Binance took responsibility and fully covered their losses.”
Binance says it will also compensate users affected by delays in internal transfers and redemptions of Earn products.
The exchange also promises to implement new optimizations in an ongoing effort to continually improve system performance and risk management.
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