CoinPaprika
Oct 13, 2025
17 0

Binance Sets Depeg Payouts; $283M Already Reimbursed

  • Binance has established compensation terms for users affected by the depegging of USDE, BNSOL, and WBETH, excluding losses due to normal market fluctuations.
  • The platform is reviewing trades from the incident period, aiming for automatic credits within 72 hours, and has already reimbursed approximately $283 million.
  • Compensation will also cover verified losses from internal transfer delays and Earn redemptions.

Eligibility and Timing:

  • Eligible users are those with Futures, Margin, and Loan accounts using USDE, BNSOL, or WBETH as collateral during the specific timeframe of 2025-10-10, 21:36–22:16 UTC.
  • Cases outside this window may be individually reviewed.

Compensation Calculation and Payment:

  • Payouts reflect the difference between a position's liquidation price and the market price as of 2025-10-11 00:00 UTC.
  • Index adjustments include redemption-based weights for BNSOL, WBETH, and USDE, along with a minimum price floor for USDE.
  • Credits are processed automatically with a 72-hour target.

Additional Notes:

  • Core spot and futures engines and APIs remained operational, though minor glitches occurred after 21:18 UTC.
  • Abnormal spot prints were due to trades hitting stale resting limit orders and a UI display issue showing “zero price.”
  • Futures mark-price logic excludes abnormal spot ticks for liquidation purposes.