Binance Flash Crash Liquidations – Low Leverage Loans Not Compensated, Only Futures/Perps. Anyone Else Affected?

On Oct 11 there was a sudden flash crash on Binance that worn out a variety of accounts. I used to be liquidated on a 2x low-leverage mortgage position, not a high-risk futures commerce but my belongings have been instantly bought off for pennies on the greenback due to the worth spike.

Binance has launched an announcement saying they'll compensate customers affected on Futures & Perpetuals, but NOT customers whose loan-backed spot positions have been liquidated, claiming “collateral was offered” which is senseless because the collateral was force-sold at abnormal prices in the course of the crash.

Binance announcement:
https://www.binance.com/en-AE/support/announcement/detail/3d45a1ab541f463982d59c8de85e36b8

So principally: High-leverage futures traders get compensation and Low-leverage users with SAFER positions get nothing, despite the fact that both have been liquidated in the same system-wide crash.

That is the precise reverse of what risk-management is meant to mean.

I’m looking for out:

• Did anyone open a help ticket to get compensated on loans and get rejected the identical method?
• Is there a gaggle attraction, Reddit thread, or legal motion forming?
• Has Binance ever compensated loan liquidations in previous flash crashes?

This seems like a double commonplace, and it punishes users who DID NOT take irresponsible leverage.

Should you have been affected, comment under power in numbers.