Binance compensation for liquidations may silence platform complaints, report says

Binance's compensation program for forced liquidations could be diluting user dissatisfaction with the platform, BeInCrypto reported. The exchange previously provided USDC and BNB to users whose positions were liquidated during a record-breaking forced liquidation event on Oct. 11. According to the report, while the measure has been praised by investors, it has also drawn criticism that using BNB in the airdrop could ultimately benefit Binance. The media outlet also pointed out that the compensation, despite being much smaller than the actual losses, has largely silenced public discontent. BeInCrypto warned that while the support can benefit individual investors, it could become a serious problem if the compensation is used to fundamentally cover up complaints about platform failures.