CZ Explains Why Binance Coin (BNB) Is So Strong
Co-founder Changpeng Zhao (CZ) has lauded the efforts of Binance in compensating users affected by the depegging of Binance ecosystem tokens in the historical market crash.
CZ shared on his X handle that it is for reasons like this that Binance and the BNB Chain ecosystem are strong. This comes after Binance returned $283 million to its users who suffered losses attributed to the platform during the October 10 market crash.
Binance Takes Blame Instead of Shifting It: CZ
The Binance co-founder further emphasized that while others tried to ignore the discontent in the community, shift blame, or attack competitors, major BNB Chain ecosystem players like Binance and Venus took a different approach.
Some people ask why is #BNB so strong?
While others tried to ignore, hide, shift blame, or attack competitors, the key @BNBChain ecosystem players (Binance, Venus, and more) took hundreds of millions out of their own pockets to PROTECT USERS.
Different value systems.
https://t.co/zb0UIBfcBn
— CZ
BNB (@cz_binance) October 13, 2025
He noted that they took “hundreds of millions” from their own pocket to “protect users.” To him, this act explains why the ecosystem would remain a key player in the crypto sector.
Notably, his comments were in response to a tweet from AB BNB, a top global Binance influencer for 2024. His post emphasized Binance’s unique approach following the record $19.3 billion user liquidation on October 10.
Less than 24 hours after the crash, Binance compensated affected users with over $283 million. He noted this contradicts the disposition of other exchanges, which either “disappeared” or “exploited the chaos.”
Binance Pays Out $283M in Compensation to Users
Yi He, the chief customer service officer at Binance, confirmed this in an October 11 tweet. She highlighted that the exchange would compensate those affected by the platform’s malfunction on the day of the intense market pressure.
Notably, packaged assets like Ethena’s USDe, the Binance-issued BNSOL token, and Wrapped Beacon liquid Ether (WBETH) depegged on Binance on Friday amid the market chaos, causing losses for users. Binance promised to compensate these users and, according to reports, has paid out over $283 million to them.
Remarkably, the compensation does not cover users who lost money due to market fluctuations or had unrealized profits before the crash. It was squarely for users who incurred losses “attributable to Binance.”
AB BNB insisted that this showed leadership and transparency on the part of Binance, noting it would remain the top exchange globally for this act.
BNB Shows Strength
Meanwhile, BNB further reflected the strength of the Binance ecosystem, as it has shown incredible resilience despite a broader market capitulation. While other assets are on the verge of recovery, the token has totally overturned all downsides incurred due to the correction.
For context, BNB is up over 10% over the past week, making it the only asset on the top 20 list that is seeing gains in the last seven days. This momentum has entered the new week, as it trades near its all-time high of $1,350, attained on October 7.
The post CZ Explains Why Binance Coin (BNB) Is So Strong first appeared on The Crypto Basic.
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CZ Explains Why Binance Coin (BNB) Is So Strong
Co-founder Changpeng Zhao (CZ) has lauded the efforts of Binance in compensating users affected by the depegging of Binance ecosystem tokens in the historical market crash.
CZ shared on his X handle that it is for reasons like this that Binance and the BNB Chain ecosystem are strong. This comes after Binance returned $283 million to its users who suffered losses attributed to the platform during the October 10 market crash.
Binance Takes Blame Instead of Shifting It: CZ
The Binance co-founder further emphasized that while others tried to ignore the discontent in the community, shift blame, or attack competitors, major BNB Chain ecosystem players like Binance and Venus took a different approach.
Some people ask why is #BNB so strong?
While others tried to ignore, hide, shift blame, or attack competitors, the key @BNBChain ecosystem players (Binance, Venus, and more) took hundreds of millions out of their own pockets to PROTECT USERS.
Different value systems.
— CZ
He noted that they took “hundreds of millions” from their own pocket to “protect users.” To him, this act explains why the ecosystem would remain a key player in the crypto sector.
Notably, his comments were in response to a tweet from AB BNB, a top global Binance influencer for 2024. His post emphasized Binance’s unique approach following the record $19.3 billion user liquidation on October 10.
Less than 24 hours after the crash, Binance compensated affected users with over $283 million. He noted this contradicts the disposition of other exchanges, which either “disappeared” or “exploited the chaos.”
Binance Pays Out $283M in Compensation to Users
Yi He, the chief customer service officer at Binance, confirmed this in an October 11 tweet. She highlighted that the exchange would compensate those affected by the platform’s malfunction on the day of the intense market pressure.
Notably, packaged assets like Ethena’s USDe, the Binance-issued BNSOL token, and Wrapped Beacon liquid Ether (WBETH) depegged on Binance on Friday amid the market chaos, causing losses for users. Binance promised to compensate these users and, according to reports, has paid out over $283 million to them.
Remarkably, the compensation does not cover users who lost money due to market fluctuations or had unrealized profits before the crash. It was squarely for users who incurred losses “attributable to Binance.”
AB BNB insisted that this showed leadership and transparency on the part of Binance, noting it would remain the top exchange globally for this act.
BNB Shows Strength
Meanwhile, BNB further reflected the strength of the Binance ecosystem, as it has shown incredible resilience despite a broader market capitulation. While other assets are on the verge of recovery, the token has totally overturned all downsides incurred due to the correction.
For context, BNB is up over 10% over the past week, making it the only asset on the top 20 list that is seeing gains in the last seven days. This momentum has entered the new week, as it trades near its all-time high of $1,350, attained on October 7.
The post CZ Explains Why Binance Coin (BNB) Is So Strong first appeared on The Crypto Basic.
Read More
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