BINANCE PAYS $283M TO COVER USER LOSSES AFTER DEPEG EVENT

Summary from the TLDR Crypto newsletter

Binance has compensated users $283 million following Friday's crypto crash, which saw three Binance Earn assets, USDe, BNSOL, and WBETH, depeg sharply on the exchange. Binance said affected futures, margin, and loan users were reimbursed, and emphasized that the market crash preceded the depegs, not vice versa.