Binance Accidentally Closed Some Positions, CZ Promised Compensation!

Binance Australia stated that retail investors who were mistakenly registered as qualified investors closed their derivative positions by outside intervention, but that it will compensate the losses.

Binance February 23 via social media account in his statement, in Australia resident some of their customers mistakenly qualified investor recorded, and that this derivative position in transactions so that they can receive stated that it enables Exchange, customers’ records detecting the mistake derivative positions of users within the scope of Australian financial regulations. has been shut down but the losses as the stock market will be compensated reported.

The exchange says Australia’s only reason for closing clients’ positions qualified of investors derivative crypto to use tools by allowing explained. Also with all customers affected by this decision. have been contacted and on the subject that the necessary information has been provided was also mentioned.

Binance CEO Changpeng Zhao (CZ) official social media account in a statement ondamages to all affected users. will be compensated reiterated and resumed futures trading in Australia. whether it can be opened status of that they evaluated stated.

On the other hand, some social media users, customers affected by the decision derivative resulting from transactions all your damages or just outside interference with of closed positions that damages will be compensated that you are wondering expressed.


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