Binance CEO Offers Compensation for Market Volatility Losses

Binance’s CEO Richard Teng announced a compensation program for users affected by recent market volatility that led to token depegs. This decision, made public through official Binance channels in October 2023, focuses on losses directly caused by the platform’s technical issues. This announcement underscores Binance’s commitment to regaining user trust and addressing the impact of these events on broader market sentiment.