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Breaking News: Binance CEO Richard Teng.
Breaking News:
Binance CEO Richard Teng announced that Binance will compensate affected users who lost their funds during the severe market fluctuations last night, which caused the "disruption" of several markets.
In a public statement, Teng apologized: "I truly apologize to everyone affected ... We are not making excuses - we are listening closely, learning from what happened, and committed to improving performance." He clarified that compensations will only be considered for losses caused by issues created by Binance, not for losses resulting from general market movements or unrealized gains.
Binance CEO Richard Teng announced that Binance will compensate affected users who lost their funds during the severe market fluctuations last night, which caused the "disruption" of several markets.
In a public statement, Teng apologized: "I truly apologize to everyone affected ... We are not making excuses - we are listening closely, learning from what happened, and committed to improving performance." He clarified that compensations will only be considered for losses caused by issues created by Binance, not for losses resulting from general market movements or unrealized gains.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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