Binance Denies Role in Market Turmoil, Offers Compensation

[madmax]

Binance denied causing the weekend crypto crash, calling it a “display issue” and confirming that core trading engines remained operational. The exchange offered $283 million in compensation to traders liquidated on assets like USDE, BNSOL, and WBETH. Binance’s native token BNB has bounced back, surging 14% in 24 hours to over $1,300.

[Nahid10]

Binance’s proactive response helps calm market nerves amid growing uncertainty.

[EmTeam]

Offering compensation suggests Binance wants to rebuild trust after a turbulent trading session.