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coinpedia 2023-09-07 15:40:52

Binance Refunds Users $1m Worth of Tether After Liquidity Crunch in Korea!

The post Binance Refunds Users $1m Worth of Tether After Liquidity Crunch in Korea! appeared first on Coinpedia Fintech News Binance, the cryptocurrency exchange, is refunding users $1 million worth of Tether after it prevented them from redeeming their stakes in the CyberConnect (CYBER) token earlier this month. The problem arose when a liquidity crunch in Korea started affecting the token, prompting arbitrageurs to borrow from Binance and preventing users from redeeming their stakes, which …

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