Binance Pays $283 Million to Users After Sudden Crypto Depeg Incident

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The Crypto Basic 1 month ago 162

Binance Pays $283 Million to Users After Sudden Crypto Depeg Incident

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 ($149.35)), and Wrapped Beacon staking token (WBETH ($3,375.49)), to temporarily depeg from their target prices.

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