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Binance CEO Richard Teng stated that the company will "learn from this incident" and "work hard to do better."

He also expressed sincere apologies to all affected users. 🙏

This statement demonstrates Binance's commitment to responsibility and improvement in the face of challenges.
#MarketPullback #RichardTeng

🚨😱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.
The affected tokens include USDe (a stablecoin), BNSOL (Binance's liquid staking token for Solana), and WBETH (the liquid staking token for Beacon ETH), each of which has experienced sharp deviations from their expected supports.
This comes as part of a broader push by Binance to restore trust and stability following regulatory scrutiny and previous controversies.
#Binance #CrushBitcoin #SquareMentionsHeatwave