Binance’s $283M Oopsie: Crypto Chaos & Apologies Galore! 🤑💥
The trouble began when Binance Earn markets, tied to Ethena’s USDe, Solana’s BNSOL, and Ethereum’s wBETH, decided to play a game of “lose the peg.” Oh, what a jolly time it was-for chaos, not for traders! The exchange, with a tip of its hat and a sheepish grin, promised to pay back those who traded futures, margin, and loan markets using these tokens as collateral. The window of woe? A mere 40 minutes between 21:36 and 22:16 UTC. 🕰️🤦♂️