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Binance Pays $283 Million After Depeg Triggers Liquidations

Binance has confirmed that it reimbursed $283 million to users affected by a recent wave of liquidations triggered by asset depegging during sharp market volatility. The compensation was issued after USDe, BNSOL, and wBETH briefly lost their pegs, leading to a cascade of liquidations across several trading products. According to Binance, the reimbursement process was..The post Binance Pays $283 Million After Depeg Triggers Liquidations appeared first on 99Bitcoins.

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