How Binance’s USDe ‘depeg’ cost the exchange millions

During the chaos, Ethena’s “synthetic dollar” USDe briefly traded at just $0.65 on Binance. The exchange has reimbursed victims with $283M.

Episode metadata supplied by the publisher feed · Published Oct 15, 2025

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How Binance’s USDe ‘depeg’ cost the exchange millions

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This episode was published on October 15, 2025.

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