Binance: Reviewing the compensation plan for the decoupling events of USDE and other tokens, and will strengthen the risk management mechanism in the future.
BlockBeats news, on October 11, Binance officially released a statement providing the latest progress regarding the recent issue of price decoupling involving the USDE, BNSOL, and WBETH tokens. This incident led to the liquidation of some users' asset positions. The official team stated that they are currently conducting a comprehensive review of the affected users, relevant liquidation details, and subsequent compensation plans. Meanwhile, the official team is also strengthening risk management mechanisms to drop the likelihood of similar incidents occurring again.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Binance: Reviewing the compensation plan for the decoupling events of USDE and other tokens, and will strengthen the risk management mechanism in the future.
BlockBeats news, on October 11, Binance officially released a statement providing the latest progress regarding the recent issue of price decoupling involving the USDE, BNSOL, and WBETH tokens. This incident led to the liquidation of some users' asset positions. The official team stated that they are currently conducting a comprehensive review of the affected users, relevant liquidation details, and subsequent compensation plans. Meanwhile, the official team is also strengthening risk management mechanisms to drop the likelihood of similar incidents occurring again.