Binance Compensates Users after Depeg Event
Binance, the world's largest cryptocurrency exchange, 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)
The compensation covered users who held these assets as collateral between 21:36 and 22:16 UTC on October 10, 2025, as well as those who experienced transfer or redemption delays.
Binance stated that the market downturn began before the depegging episode, amid online rumors of an attack on the exchange.
Author's summary: Binance compensates users $283 million.
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