Seeking users for class action vs Binance - October 11 2025

Hey world.

Ive created a discord server right here https://discord.gg/ZNV4Y8SQrP for users to hitch to discuss authorized proceedings in the direction of Binance for the events that befell October 11 2025.

This is early days in what is going to possible be an extended journey which may or might not finally end in an end result for impacted users across the business, however by at the very least making an attempt we all know we gave a shot to recoup losses and more importantly ensure such occasions never occur again. Individuals lost futures and lives, in all probability much more than we publicly are aware of.

There are a couple of legal companies based mostly in US, particularly in NY that maybe might take on our declare if we have now enough customers to make some noise.

Personally I'm not a Binance consumer, however I misplaced every little thing on an change that makes use of Binance API, I encourage some other users on the market who have been liquidated on 11th of October 2025 that use an change that engages with Binance API to hitch the discord. The worth oracle contagion originated from Binance inflicting multi-exchange oracle corruption leading to systemic worth failure, some examples of this embrace SUI-USDT and LINK-USDT pairs, SUI particularly dropped from 3.30~ USD on the day to 0.50~ USD which is inconceivable by liquidity means, the truth is, it's possible that Binance withdrew all liquidity from order books which resulted in no worth maintenance and worth safety for customers.

Theres a lot to uncover from this occasion with customers across the business on Binance and Binance API exchanges. Causation is obvious as Binance failed their obligation of care, did not complete their obligation to offer liquidity to guard customers, didn't interact with circuit breakers to guard users, spread false prices across the business which triggered cascade in losses.

Im not a lawyer or a legal thoughts by any means but from the analysis offered by customers and institutions throughout the business here is some points of curiosity. These factors may be theories now, but when this class motion positive factors traction Binance will probably be required to offer evidence by means of discovery.

From some temporary research there are already quite a few regulators from worldwide jurisdictions investigating what occurred, how and why on October 11 2025.

This event should never have happened. Period.

1. Negligent Provision of Oracle Knowledge (Negligent Misrepresentation)
Concept: Binance knew or should have recognized that other exchanges relied on their worth knowledge for liquidation oracles, and negligently offered corrupted worth info.
Parts to prove:
• Binance offered false worth info (USDe at $0.65 when it was $1.00 elsewhere)
• Binance knew or should have recognized different exchanges relied on this knowledge
• Different exchanges (like MEXC, Bybit) fairly relied on Binance knowledge, probably 100s of protocols in complete.
• Users suffered damages as a direct outcome
Supporting Proof:
• Hyperliquid’s public documentation exhibits Binance has the very best weight (3) in oracle calculations used across the business Hyperliquid Docs
• The occasion uncovered acute fragilities in trade pricing and liquidity provisioning, with structural vulnerabilities in reliance on inner pricing BitcoinEthereumNews.com
• Binance knew about oracle vulnerabilities - they introduced the transition to using higher oracles on October 6, but delayed implementation till October 14, creating an Eight-day window Cryptopolitan

2. Gross Negligence / Reckless Disregard
Principle: Binance knew concerning the oracle vulnerability, announced they have been fixing it, however did not implement the fix earlier than the attack.
Evidence:
• Binance introduced oracle worth updates on October 6 with scheduled implementation for October 14, and the assault occurred October 10-11 exactly within the vulnerability window CCN
• Specialists warned that for PoS-based belongings, oracles should keep a tough flooring worth, and relying solely on spot costs inside an trade is “asking for hassle” Cryptopolitan

three. Failure to Keep Enough Danger Controls
Concept: As the dominant change, Binance had a duty to take care of methods that wouldn’t trigger systemic market failure.
Evidence:
• Binance created a perfect “vulnerability window” the place any consumer with sufficient capital might artificially move costs and set off a sequence reaction of billion-dollar liquidations UNN
• Sample of regulatory failures - Binance previously paid $968 million to OFAC and $four.3 billion for AML violations, demonstrating a pattern of compliance failures U.S. Treasury BDO Canada

four. Market Manipulation by Omission
Concept: Binance did not halt trading or warn users once they knew prices have been corrupted.
Supporting Information:
• USDe crashed to $0.6567 on Binance whereas sustaining parity on all other venues and on-chain pools - prices existed nowhere else within the broader market CCN
• Binance acknowledged disruption citing “heavy market activity” however assured users “funds are SAFU” with out disclosing the oracle corruption Yahoo Finance

5. Breach of Business Normal of Care
Concept: Binance failed to satisfy the usual of care expected of the world’s largest change.
Evidence:
• Chainlink’s oracle providers had no reported issues during the identical event, displaying correct oracle design was achievable The Motley Fool
• DeFi protocols dealt with the event correctly - Uniswap saw document $10 billion in every day volume and Aave processed $180 million in liquidations with out incident CryptoNews.com
Secondary Claims

6. Unjust Enrichment
Principle: Binance profited from liquidations while offering corrupt knowledge that triggered those liquidations.
Problem: Exhausting to show direct profit, however:
• Binance takes fees on all liquidated positions
• Binance paid $283 million in compensation solely to its personal customers, not to third-party change victims CoinCentral

7. Breach of Implied Obligation to Business Individuals
Concept: Because the dominant worth oracle provider, Binance had an implied obligation not to provide knowledge so corrupt it will cause systemic failure.
Novel Principle - That is untested but probably viable given:
• Market dominance
• Recognized reliance by other platforms
• Magnitude of harm ($19B)+

If anybody want to be a part of the Discord server we will begin discussions, gathering evidence and building a case in the direction of Binance for the occasions that befell October 11 2025.

Thanks for you time studying this.