Odaily Planet Daily News: Binance issued a statement regarding the recent market decline:

The decoupling of some Binance yield products related to USDE, BNSOL, and WBETH occurred following the market crash. This decoupling impacted some users who were forced to liquidate their positions due to holding these assets as collateral. Binance has assumed responsibility and fully compensated these users for their losses. Compensation was paid in two tranches, totaling approximately $283 million.

During periods of significant market volatility, internal fund transfers and Earn product redemptions experienced brief delays, impacting timely margin replenishment. Binance will compensate users for verified losses.

In addition, regarding the extreme price fluctuations of certain tokens on the Binance platform, Binance stated:

Historical limit orders (some dating back years, even as early as 2019, such as IOTX and ATOM) remain on the platform. During a significant market sell-off and a lack of buy orders, sell orders continue to execute these long-term limit orders, causing token prices to temporarily drop significantly.

- Some trading pairs (such as IOTX/USDT) recently reduced the number of decimal places in the minimum price change, causing the price displayed in the user interface to be zero. This is a display issue and does not indicate that the price is actually zero.

- Binance will optimize the UI display and correct any abnormal prices in the UI (without further announcement) to ensure a better trading experience. The API interface remains unaffected.