Binance Offers Compensation to Users Affected by USDe and WBETH Depeg

Following Friday night’s chaotic cryptocurrency market movements, Binance has announced compensation for users who lost funds due to technical issues during the period of sharp token depegs. The exchange acknowledged its role in the events, with executives expressing apologies on social media platforms X and acknowledging the technical slowdowns that led to a record number of liquidation events across the industry.