Binance Pays $283 Million to Users After Sudden Crypto Depeg Incident
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Binance, the world’s largest cryptocurrency exchange, has paid out $283 million to users impacted by a short but intense market disruption on October 10, 2025. The event caused three Binance Earn assets, Ethena’s USDe, Binance’s Solana liquid staking token (BNSOL), and Wrapped Beacon staking token (WBETH), to temporarily depeg from their target prices.
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