Quantcast

Binance to compensate users after USDE, BNSOL and WBETH depeg

Bybit to disable logins for Malaysian users starting December 24
Binance and Circle announce strategic partnership to advance USDC adoption and crypto innovation
CATO Policy Analyst: Operation Choke Point 2.0 ‘has undermined many of the people trying to work and innovate’
SEC Approves First Crypto Index ETFs Combining Bitcoin and Ethereum
Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts crypto
DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off
Coinbase CEO: 'Crypto is the only payment rail that checks all three boxes'
CATO Policy Analyst: Operation Choke Point 2.0 ‘has undermined many of the people trying to work and innovate’
AI at the service of DeFi: Reflections and perspectives from the Saint-Alex Club
Avara’s Lens secures $31M for SocialFi-focused L2 blockchain
US Federal Reserve (Fed) Continues to Cut Rates by 25 Points: New Highs for Bitcoin?
$300m of other tokens bridged to Solana in the last week, why?
Coinbase sued over WBTC delisting by Justin Sun-affiliated BiT Global
Bitcoin Soars to New Record Highs Over $106K, Let's Hope the Fed Doesn't End the Party
Increased gas limits on Ethereum L1 come with risks… but big rewards
Bitcoin Catches Up With Gold: New ATH for BTC-Gold Ratio
Bitcoin Backed by US Congress: Pro-Crypto French Hill Takes Chair of Finance Committee
BlackRock recommends 1-2% Bitcoin in your portfolio
UK watchdog asks firms to share current and future crypto exposures
Riot acquires 5,117 BTC for $510m
New SEC boss Paul Atkins will transform crypto… but not right away
Bitcoin: For billionaire investor Ray Dalio, only BTC and gold will save from future crises
BTC, XRP, DOGE Price: Dogecoin Drops, Bitcoin Steady Ahead of US CPI
Bitcoin hits level bulls must 'control' for a new $100K BTC price push
Trump reveals his price target for Bitcoin
Billionaire Ray Dalio Prefers Bitcoin Over Bonds
Bitcoin can separate money and state — David Sacks
Crypto Daybook Americas: Bitcoin (BTC) Price Hits Mid-Cycle Peak as Retail Interest in Altcoins Soars
Creating a strategic reserve with bitcoin: US states are exploring this possibility
El Salvador: When the Bitcoin dream meets the economic demands of the IMF
Binance to compensate users after USDE, BNSOL and WBETH depeg
Web3/Crypto
Webp changpeng zhao 3
Changpeng Zhao, Founder for Binance | Facebook

Binance announced on its website that it will compensate users affected by the USDE, BNSOL, and WBETH depeg with automatic distributions to impacted Futures, Margin, and Loan accounts within 72 hours. The platform also said it will implement enhanced risk controls.

According to Binance’s official website announcement, the exchange acknowledged "recent market volatility and platform-related issues" and apologized to users before outlining its compensation and safeguards plan connected to the USDE, BNSOL, and WBETH depeg. The same Binance post frames the move as an update to the community on both remediation and prevention following the incident. It establishes that compensation will be automatic and directly credited to affected accounts as part of the response.

The announcement specifies that all Futures, Margin, and Loan users who held USDE, BNSOL, and WBETH as collateral and were impacted between October 10th at 21:36 UTC and October 10th at 22:16 UTC will be compensated. This includes any liquidation fees incurred. The compensation amount will equal the difference between the market price at October 11th at 00:00 UTC and each user’s liquidation price. Binance adds that users with cases outside this scope may contact customer support for case-by-case evaluation.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Binance further states it will add the redemption price to the BNSOL, WBETH, and USDE price index weights to better reflect underlying conversion values. The exchange also plans to introduce a minimum price threshold to the USDE index rule to improve price stability under stress. Additionally, Binance will increase the frequency of risk-control parameter reviews to enable dynamic adjustments in response to market conditions.

According to Wikipedia, Binance is a global cryptocurrency exchange founded in 2017 that offers spot and derivatives trading, staking, and other digital-asset services to retail and institutional users. It has grown to become one of the industry’s largest venues by volume. The entry notes Binance’s broad product suite and worldwide user base across multiple jurisdictions. It also documents the platform’s frequent public updates and announcements to its community.

Organizations Included in this History
More News

Brian Armstrong, CEO of Coinbase, said that broader cryptocurrency use will emerge from seamless products where users benefit without engaging with the underlying systems.

Oct 22, 2025

Michael Saylor, co-founder of Strategy Inc., announced that the company has expanded its bitcoin holdings and reported a 25.9% year-to-date yield for 2025.

Oct 22, 2025

Lark Davis, founder of Wealth Mastery, advised traders to avoid leverage and risky "revenge trading" amid widespread liquidations and emphasized the importance of protecting capital.

Oct 22, 2025

Kent Lin, Co-founder of Optimum, said that Bitcoin's market capitalization is approximately 7% of gold's, suggesting that the rally in gold expands potential upside for Bitcoin.

Oct 22, 2025

Anna Milne, founding director of research for the CAFE Association, said that membership focuses on industry leadership that combines innovation with consumer protection, rather than merely adhering to baseline compliance.

Oct 20, 2025

Edward "Coach" Weinhaus, the Founding Executive Director of the CAFE Association, emphasized that fraud is a shared problem and detailed the organization's plan to educate consumers and support responsible companies.

Oct 17, 2025