📢Explanation on Recent Market Volatility and Update on User Protection Measures We have noted that there has been much speculation in the market regarding the causes of the recent volatility. Binance has conducted a comprehensive review of the situation. We can currently confirm that during the incident, Binance's core futures and spot matching engines, as well as its API trading, maintained stable operation. Statistics show that the proportion of forced liquidations handled by the Binance platform to total trading volume remained at a normal low level, indicating that the volatility was primarily driven by overall market conditions. In addition, after review, we have confirmed that during the extreme market conditions, after 05:18 (UTC) on October 11, 2025, some platform modules did experience brief lags, and some wealth management products experienced decoupling due to the volatile market. Binance will not conceal or evade these issues. Maintaining openness and transparency has always been one of our core values. Therefore, we initiated and completed compensation arrangements for users affected by the decoupling within 24 hours of the incident. View the detailed report and compensation instructions: binance.com/zh-CN/support/anno...…