CoinGape
CoinPedia
CoinDoo
The post Binance Refunds Users $1m Worth of Tether After Liquidity Crunch in Korea! appeared first on Coinpedia Fintech News
Binance, the cryptocurrency exchange, is refunding users $1 million worth of Tether after it prevented them from redeeming their stakes in the CyberConnect (CYBER) token earlier this month. The problem arose when a liquidity crunch in Korea started affecting the token, prompting arbitrageurs to borrow from Binance and preventing users from redeeming their stakes, which had been borrowed up to the loan limit. Moving forward, Binance will apply higher interest rates to deter lending during periods of high token volatility.
- Website
- Mobile app
- Telegram Channel
- Telegram Group
- YouTube
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks
