BNB Price Soars Amidst Compensation for Users Affected by Binance Flash Crash

Binance’s BNB price has experienced a significant surge of over 17% in the last 24 hours, reaching $1,356 as trading volume explodes to $11.89 billion. This rise follows news of Binance’s commitment to compensating users who suffered losses due to the October 10 flash crash that depeg several assets, including Ethena’s USDe stablecoin, BNSOL, and WBETH. The exchange is set to pay out $283 million in compensation.