Overview

• Retail vouchers are slated to begin distribution on Oct. 15, with $4–$6,000 per eligible user based on losses from forced liquidations on Oct. 10–11 that were at least $50 and at least 30% of account value as of Oct. 9.
• Institutions and VIP clients can apply through dedicated account managers for a $100 million liquidity backstop structured as low‑interest loans with confidentiality.
• Binance says matching engines and APIs operated normally during the sell‑off, attributing some 'zero price' readings to a front‑end display bug and rolling out safeguards such as redemption pricing in indices and minimum price thresholds for certain assets.
• The Oct. 10 market shock saw USDe, BNSOL and wBETH briefly depeg on Binance and helped drive roughly $19 billion in liquidations across exchanges, with about 1.6 million accounts affected.
• On‑chain reporting identified a trader who amassed very large short positions shortly before the crash and later closed them for sizable profit, renewing calls for reviews of market structure and exchange risk controls.