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Binance will be covering any verified losses on the ETHDOWN token due to latest price fluctuations.

Binance will be covering any verified losses on the ETHDOWN token due to latest price fluctuations.

All Cryptocurrencies

by COINS NEWS 9 Views

Official source: https://www.binance.com/en/support/articles/2328062b733846d9b7855840aba4c05d

Relevant part:

ETHDOWN (Binance Leveraged Token) Performance & Planned Compensation

Due to large price fluctuations on the ETHUSDT perpetual contract that occurred between 2020/08/02 4:43 AM (UTC) and 2020/08/02 5:22 AM (UTC), the fair price calculation based on the underlying perpetual position was delayed, then de-synced from the ETHDOWN token. The issue was resolved at 2020/08/02 5:22 AM (UTC).

To compensate users for any losses that may have occurred while trading the ETHDOWN BLVT during this period, Binance will be taking the following actions:

All verified losses incurred by users trading the ETHDOWN BLVT token between 2020/08/02 4:43 AM (UTC) and 2020/08/02 5:22 AM (UTC) will be covered by Binance.

To claim a loss, affected users can email [[email protected]](mailto:[email protected]) with the following details:

Email address of affected Binance account

Time period of affected trade

Total loss incurred

Each email submission will be reviewed and verified within 48 hours from the time of receipt.

Thank you for your patience and apologies for the inconvenience.

submitted by /u/EuW_MadWard
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