Binance to pay $283M compensation for market chaos as BNB reaches new $1.3k ATH
BNB, the native token of Binance’s ecosystem, climbed to a record high of $1,355 following a turbulent weekend that saw $20 billion wiped from the...
Search Results for: Binance
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Crypto Crash Triggered By Binance Margin Exploit, Uphold Research Chief Claims
The Oct. 10–11 sell-off that erased an estimated ~$19–20 billion across crypto within 24 hours has ignited a fierce post-mortem over whether market structure—or malice—turned...
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Binance's CZ Explains Why BNB Is Outperforming Market – U.Today
Binance founder Changpeng Zhao has explained why BNB, the native cryptocurrency of the trading giant, is outperforming the rest of the market. According to CZ, this...
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White House reportedly mulling pardon for Binance founder CZ
Binance co-founder Changpeng Zhao said that being considered for a presidential pardon from Trump would be “great news if true.” The Trump administration is reportedly...
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Mt.Gox Bitcoin Whale Awakens With 410,624% Profit and Hits Binance – U.Today
Thirteen years is a long time to do nothing, yet one early Bitcoin player has managed exactly that, sitting on a stash pulled from Mt.Gox back...
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Binance says tokens did not crash to $0, claims ‘display’ issue responsible
The tokens did not actually crash to $0, but users saw tokens drop to nearly $0 due to a ‘display’ issue, the Binance exchange said....
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Binance Spends $283 Million Cleaning Up Weekend Market Chaos
Binance has announced it will compensate users a total of $283 million following collateral asset depegging incidents during the October 10 market crash. The exchange...
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Explanations of USDe ‘depeg’ on Binance focus on coordinated attack, oracles
Ethena founder Guy Young said the USDe depegging event on Binance that sent the token to $0.65 was an isolated issue not tied to fundamentals....
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Did Binance Break USDe? Ethena Says It Was Never a Depeg
As $1 billion in redemptions rippled through the market, Ethena Labs insists its synthetic dollar, USDe, worked exactly as designed and that Binance’s own pricing...
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Binance pays $283 million in compensation following Friday’s depegs, covering user losses
The exchange also batted away claims that a targeted attack on Binance led to the broader asset crash, arguing the depegs happened after the crash....
