[Binance Compensates $283 Million to Address Asset Depegging Incident]
On October 13, Binance reviewed the technical malfunction and asset depegging incident that occurred on October 10, confirming it has compensated affected users approximately $283 million. During the incident, certain assets like USDE experienced depegging due to extreme market volatility. Binance completed the compensation within 24 hours and proactively covered losses for users affected by forced liquidation of collateralized assets. Additionally, some spot trading pairs experienced extreme price fluctuations and 'zero price' display issues. Binance stated that this was merely a display issue and plans to optimize the interface display to enhance user experience.