A notable incident occurred in the cryptocurrency market early in the morning. According to Binance data, USDE, BNSOL, and WBETH have experienced severe depeg.
The USDE price, which was supposed to be fixed at $1, fell to $0.6567, while BNSOL, which is linked to the SOL price, fell to $34.9, and WBETH, which is linked to the ETH price, fell to $430.65.
In response to this incident, Binance issued an official statement. The exchange said some users’ positions had been forced into liquidation due to price divergence and announced the start of a comprehensive review process.
Binance said in a statement:
The price decline of USDE, BNSOL, and WBETH tokens has led to forced liquidations that affected the asset positions of some users. Our team is currently thoroughly reviewing affected users, liquidation details, and appropriate compensation measures.
“At the same time, we are strengthening our risk management to ensure that a similar incident does not happen again. We recognize the importance of this matter and appreciate your patience and understanding as we resolve the situation.”
Binance said it will share new updates on possible compensation actions for users after the investigation.
*This is not investment advice.
