Cryptocurrency exchange Binance has announced that it will compensate users who were impacted by a recent price deviation in the Anchored Coins EUR (AEUR) stablecoin. The value of AEUR surged nearly 200% after it was listed on the platform, prompting Binance to suspend trading for the asset’s four trading pairs. Binance attributed the price deviation to a lack of understanding among traders about AEUR’s nature as a stablecoin.
In response, Binance will create a compensation plan for users who purchased AEUR above its intended value. Eligible traders are those who bought AEUR between a specific time period on December 5 and were unable to sell them. The compensation will be based on the price of AEUR at a specific time and will be distributed to eligible users through USDT token vouchers.
Anchored Coins, the issuer of AEUR, has warned the community about scammers impersonating its accounts on social media. The company advised users to be cautious and not share their personal wallet addresses in response to such requests.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇸🇬 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Calvin Cheng |
| Companies | Anchored Coins, Binance |
| Currencies | Tether, Euro, Bitcoin, Ethereum |
| Securities | None |
