Binance Explains Market Crash and Reimburses Users $283M
Oct, 13, 2025
< 1 min read
by Wayne Jones
for CryptoPotato

Binance has announced that it has compensated affected users with approximately $283 million following the recent October 10 market meltdown.
The company also shared that the situation had been caused by a brief technical glitch on the same day that resulted in temporary disruptions and de-pegging in some cryptocurrencies.
Binance Explains Market Crash and Reimburses Users $283M
Oct, 13, 2025
< 1 min read
by Wayne Jones
for CryptoPotato

Binance has announced that it has compensated affected users with approximately $283 million following the recent October 10 market meltdown.
The company also shared that the situation had been caused by a brief technical glitch on the same day that resulted in temporary disruptions and de-pegging in some cryptocurrencies.