XRP Rockets 65% Higher as XRPL Attackathon Fuels Momentum
XRP just blasted off with explosive gains—climbing 65% in a stunning comeback rally.
Security Meets Speculation
The XRP Ledger's Attackathon initiative sparked this surge, proving that when developers and security researchers collaborate, markets notice. That's right—actual utility driving price action for once.
Whale Watching Intensifies
Traders are scrambling as large holders accumulate positions, betting the security-focused development approach will separate XRP from the meme coin crowd. Because nothing says 'serious investment' like needing to hack-proof your blockchain first.
While traditional finance still debates crypto's merits, XRP's latest move demonstrates how protocol upgrades can trigger real momentum—even if Wall Street analysts remain blissfully unaware between their quarterly earnings calls and golf outings.
What Actually Happened on October 10
On October 10, a sudden market crash sparked widespread forced liquidations across multiple platforms. Binance said that this extreme volatility was the backdrop for the depegging events involving three key assets: USDe, which is a synthetic dollar token, BNSOL, which tracks liquid staked Solana, and wBETH, which is a wrapped version of staked Ether.
Binance announced it has paid $283 million in compensation to users due to issues with asset unlinking in Binance Earn products.
The exchange emphasized that the market decline began before these assets were unlinked.#Binance pic.twitter.com/WFV9FdtAj7
— BadJoe (@Eat_Joe_) October 13, 2025
Each of these briefly detached from their expected values. Traders saw massive price swings, and in some cases, tokens appeared to hit zero. Binance later clarified that some of these “zero price” events were due to visual display errors, not actual price drops to zero. Nonetheless, the impact on trading positions was real.
Who Got Paid and How It Was Calculated
The $283 million payout covered users whose positions were liquidated while using any of the affected tokens as collateral across Binance’s margin, futures, or loan services. The exchange calculated compensation by comparing the liquidation prices to external market reference prices recorded at midnight UTC on the following day.
Aside from the liquidations, Binance also acknowledged delays in internal transfers and Earn product redemptions. It promised automatic compensation within 72 hours for users affected by those issues and said those cases are being reviewed separately.A Move That Speaks to More Than Just Money
The scale and speed of the reimbursement caught attention. Some market watchers noted that this kind of rapid payout is rare. While the MOVE clearly covered financial losses, some believe it was also aimed at reinforcing user trust, especially in the wake of recent leadership changes and scrutiny directed at centralized exchanges.
Analysts noted that although $283 million is a large sum, it still represents a small portion of Binance’s total trading volume and reserves. Even so, the gesture stood out as repeated crises in recent months have tested trust in centralized platforms.
What Binance Is Doing to Prevent a Repeat
To reduce the risk of similar problems in the future, Binance has announced it will include redemption pricing in its price index calculations for certain assets. It also introduced minimum price thresholds for USDe, aiming to prevent major discrepancies during market stress.
The platform also committed to ongoing monitoring and said it would report any suspicious activity related to the incident to regulators. This event has highlighted just how fast liquidity issues can Ripple through the system, and it has put pressure on platforms to respond quickly and transparently.
Whether this episode restores long-term confidence or sparks more questions will depend on what happens next. Binance’s response was swift, but the stakes for getting it right will only grow from here.
Key Takeaways
- Binance reimbursed $283 million to users affected by the October 10 depeg incident involving USDe, BNSOL, and wBETH.
- Binance issued Compensation within 24 hours, covering liquidations across margin, futures, and loan products.
- Some tokens appeared to hit zero due to display errors, but the trading losses were real and triggered forced liquidations.
- Binance said the issue was market-driven, not a technical failure, and has since added pricing protections to reduce future risk.
- Analysts saw the payout as a move to restore user trust, especially as centralized exchanges face ongoing scrutiny.
