{"id":52455,"date":"2025-10-12T23:02:40","date_gmt":"2025-10-12T23:02:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52455"},"modified":"2025-10-12T23:02:40","modified_gmt":"2025-10-12T23:02:40","slug":"are-you-eligible-for-cz-crypto-compensation-after-mass-liquidation-event","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52455","title":{"rendered":"Are You Eligible For CZ Crypto Compensation After Mass Liquidation Event?"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Binance said it will compensate a group of users affected by Friday\u2019s extreme market swings that caused three major tokens to lose their peg and trigger forced liquidations.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The exchange <\/span><a class=\"general-link\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/f3d5d97ed12c4f639019419bd891705e\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">confirmed<\/span><\/a><span style=\"font-weight: 400\"> on Saturday, Oct. 11, that users who held Ethena\u2019s USDe, BNSOL, or WBETH as collateral on its platform between 21:36 and 22:16 UTC on Oct. 10 will receive compensation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">During that 40-minute window, prices for those assets briefly diverged from their benchmarks, prompting automatic liquidations.<\/span><\/p>\n<h2><b>What Triggered the $19 Billion Liquidation Across Global Exchanges?<\/b><\/h2>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_68ec3107cdc56\" data-coin-id=\"binance-coin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_68ec3107cdc56-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_68ec3107cdc56-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_68ec3107cdc56-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_68ec3107cdc56-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_68ec3107cdc56-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_68ec3107cdc56-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_68ec3107cdc56-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_68ec3107cdc56-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_68ec3107cdc56-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_68ec3107cdc56-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_68ec3107cdc56-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_68ec3107cdc56-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><span style=\"font-weight: 400\">Binance <\/span><a class=\"general-link\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/0989d6c7f32545bfb019e3249eaabc3f\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">said<\/span><\/a><span style=\"font-weight: 400\"> the incident was linked to unusual volatility and internal platform issues. Impacted users across Futures, Margin, and Loan products will have their accounts reviewed automatically, with payouts processed within 72 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The compensation will match the gap between a trader\u2019s liquidation price and the market price at 00:00 UTC on Oct. 11.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Binance will also refund any liquidation fees charged during the event. Users whose cases fall outside this scope can contact customer support for review, though the company clarified that normal trading losses and unrealized gains will not qualify.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The move follows what analysts described as one of crypto\u2019s largest liquidation events on record.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As per Bloomberg\u2019s <\/span><a class=\"general-link\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-10\/crypto-sees-more-than-3-billion-in-liquidations-in-past-hour\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">report<\/span><\/a><span style=\"font-weight: 400\">, roughly $19 billion in positions were wiped out across global exchanges within 24 hours, affecting about 1.6 million traders after news of fresh US tariffs rattled markets late Friday.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On Binance, USDe momentarily plummeted to a low of about $0.65, then upsurged to indicating that liquidity is extremely weak when volatility is extremely elevated.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><b>What Steps Is Binance Taking to Prevent Another Liquidation Event?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The exchange indicated that it is undertaking a comprehensive review to avoid similar reoccurrences since users still desired more effective protection following one of the most turbulent trade periods in 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As a means of preventing such incidents, Binance is modifying its price index calculations and risk parameters.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The exchange shall now have redemption prices based on the index weights of BNSOL, WBETH, and USDE, establish a price floor for USDE, and review the risk settings more frequently.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2023, Binance CEO Richard Teng replaced the co-founder Changpeng \u201cCZ\u201d Zhao and apologized to users of the platform who suffered during the market storm.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cI\u2019m truly sorry to everyone who was impacted,\u201d Teng said in a <\/span><a href=\"https:\/\/x.com\/_RichardTeng\/status\/1977014150414188823\" rel=\"nofollow\" target=\"_blank\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> on X. \u201cWe don\u2019t make excuses, we listen, learn, and are committed to doing better.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The last 24 hours have been turbulent for the crypto market, and I know many of you faced challenges on our platform. I\u2019m truly sorry to everyone who was impacted.<\/p>\n<p>We don\u2019t make excuses \u2014 we listen closely, learn from what happened, and are committed to doing better. If you\u2019re\u2026<\/p>\n<p>\u2014 Richard Teng (@_RichardTeng) <a href=\"https:\/\/twitter.com\/_RichardTeng\/status\/1977014150414188823?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Soon after his message, Binance released a detailed follow-up explaining its compensation plan for traders caught in the liquidation wave.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In response to the broader fallout, Crypto.com CEO Kris Marszalek <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/kris\/status\/1976939942254461094\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">called<\/span><\/a><span style=\"font-weight: 400\"> on regulators to examine exchanges that recorded unusually high liquidation volumes.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Regulators should look into the exchanges that had most liquidations in the last 24h and conduct a thorough review of fairness of practices. Any of them slowing down to a halt, effectively not allowing people to trade? Were all trades priced correctly and in line with indexes?\u2026 <a href=\"https:\/\/t.co\/UCD6iKuKFQ\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/UCD6iKuKFQ<\/a><\/p>\n<p>\u2014 Kris | Crypto.com (@kris) <a href=\"https:\/\/twitter.com\/kris\/status\/1976939942254461094?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">He made the statement in a post on X, echoing industry concerns over the chain reaction caused by automated liquidations across multiple trading platforms.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/are-you-eligible-for-cz-crypto-compensation-after-mass-liquidation-event\/\">Are You Eligible For CZ Crypto Compensation After Mass Liquidation Event?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance said it will compensate a group of users affected by Friday\u2019s extreme market swings that caused three major tokens to lose their peg and trigger forced liquidations. The exchange confirmed on Saturday, Oct. 11, that users who held Ethena\u2019s USDe, BNSOL, or WBETH as collateral on its platform between 21:36 and 22:16 UTC on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52455","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52455"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52455\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}