Binance Announces Compensation For AEUR Stablecoin Traders

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By BitcoinWiki News

Key Takeaways:

– Binance will compensate users who bought the Euro-pegged AEUR stablecoin during a recent 200% surge
– The surge in price was attributed to a misunderstanding among certain Binance traders
– The newly launched AEUR stablecoin, issued by Swiss-based Anchored Coins, experienced a 200% surge in price shortly after its listing
– The exchange halted trading for four of the asset’s trading pairs, including AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR
– Eligible users impacted by the trading suspension will receive compensation in the form of USDT token vouchers by December 9
– AEUR originally had a supply of five million coins on Binance
– Anchored Coins cautioned the community to exercise caution regarding potential scammers and impostors


Binance to Compensate Users who Purchased Euro-Pegged AEUR Stablecoin
– Binance will compensate users who bought the Euro-pegged AEUR stablecoin during a recent 200% surge.
– The surge in price was attributed to a misunderstanding among certain Binance traders who failed to recognize the stablecoin nature of AEUR.
– Binance swiftly halted trading for four of the asset’s trading pairs in response to the abnormal volatility observed in the stablecoin’s price.
– Eligible traders for compensation will be those who purchased AEUR between a specific time frame and were unable to sell them.
– Eligible users impacted by the trading suspension will receive compensation in the form of USDT token vouchers by December 9.
– The issuer of AEUR, Anchored Coins, cautioned the community to exercise caution regarding potential scammers posing as them and making fraudulent requests.

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