Binance pays $283 million in compensation following Friday’s depegs, covering user losses 💰
Binance, a leading cryptocurrency exchange, has paid $283 million in compensation to its users following a series of depegs that occurred after a broader asset crash last Friday. The exchange has denied accusations of being targeted in an attack, asserting that the depegs took place post-crash.
This compensation move reflects Binance's commitment to covering user losses during unforeseen events. The event highlights the challenges exchanges face in maintaining stability and trust amidst market turbulences, as well as the importance of rapid response to safeguard investor interests.
Source: www.theblockcrypto.com ↗
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