Seeking users for class action vs Binance - October 11 2025

Whats up world.

Ive created a discord server here https://discord.gg/ZNV4Y8SQrP for users to hitch to discuss authorized proceedings in the direction of Binance for the events that occurred October 11 2025.

That is early days in what is going to possible be an extended journey which may or might not finally end in an end result for impacted customers throughout the business, but by a minimum of making an attempt we all know we gave a shot to recoup losses and more importantly guarantee such occasions by no means occur once more. Individuals misplaced futures and lives, in all probability a lot more than we publicly are conscious of.

There are a couple of authorized companies based mostly in US, particularly in NY that perhaps might tackle our claim if we now have sufficient customers to make some noise.

Personally I am not a Binance consumer, however I misplaced every part on an change that uses Binance API, I encourage some other users out there who have been liquidated on 11th of October 2025 that use an trade that engages with Binance API to hitch the discord. The worth oracle contagion originated from Binance inflicting multi-exchange oracle corruption leading to systemic worth failure, some examples of this embrace SUI-USDT and LINK-USDT pairs, SUI particularly dropped from three.30~ USD on the day to zero.50~ USD which is unattainable by liquidity means, actually, it's probably that Binance withdrew all liquidity from order books which resulted in no worth maintenance and worth safety for customers.

Theres a lot to uncover from this occasion with users across the business on Binance and Binance API exchanges. Causation is obvious as Binance failed their obligation of care, didn't complete their obligation to offer liquidity to guard users, did not interact with circuit breakers to guard users, unfold false prices across the business which triggered cascade in losses.

Im not a lawyer or a legal mind by any means but from the research offered by customers and establishments across the business right here is some factors of curiosity. These factors may be theories now, but if this class action good points traction Binance will probably be required to offer evidence by way of discovery.

From some temporary research there are already quite a lot of regulators from worldwide jurisdictions investigating what happened, how and why on October 11 2025.

This event ought to never have happened. Interval.

1. Negligent Provision of Oracle Knowledge (Negligent Misrepresentation)
Principle: Binance knew or ought to have recognized that other exchanges relied on their worth knowledge for liquidation oracles, and negligently offered corrupted worth info.
Parts to show:
• Binance offered false worth info (USDe at $0.65 when it was $1.00 elsewhere)
• Binance knew or ought to have recognized other exchanges relied on this knowledge
• Different exchanges (like MEXC, Bybit) fairly relied on Binance knowledge, possible 100s of protocols in complete.
• Users suffered damages as a direct end result
Supporting Proof:
• Hyperliquid’s public documentation exhibits Binance has the very best weight (three) in oracle calculations used throughout the business Hyperliquid Docs
• The occasion exposed acute fragilities in trade pricing and liquidity provisioning, with structural vulnerabilities in reliance on inner pricing BitcoinEthereumNews.com
• Binance knew about oracle vulnerabilities - they announced the transition to utilizing higher oracles on October 6, however delayed implementation till October 14, creating an Eight-day window Cryptopolitan

2. Gross Negligence / Reckless Disregard
Concept: Binance knew concerning the oracle vulnerability, announced they have been fixing it, however did not implement the fix earlier than the attack.
Proof:
• Binance announced oracle worth updates on October 6 with scheduled implementation for October 14, and the assault occurred October 10-11 exactly in the vulnerability window CCN
• Specialists warned that for PoS-based belongings, oracles ought to keep a hard flooring worth, and relying only on spot costs inside an change is “asking for hassle” Cryptopolitan

3. Failure to Keep Sufficient Danger Controls
Concept: Because the dominant trade, Binance had a duty to take care of techniques that wouldn’t trigger systemic market failure.
Evidence:
• Binance created a perfect “vulnerability window” the place any consumer with sufficient capital might artificially transfer costs and trigger a sequence response of billion-dollar liquidations UNN
• Pattern of regulatory failures - Binance beforehand paid $968 million to OFAC and $four.three billion for AML violations, demonstrating a sample of compliance failures U.S. Treasury BDO Canada

4. Market Manipulation by Omission
Principle: Binance did not halt trading or warn customers once they knew prices have been corrupted.
Supporting Information:
• USDe crashed to $zero.6567 on Binance whereas sustaining parity on all other venues and on-chain swimming pools - prices existed nowhere else in the broader market CCN
• Binance acknowledged disruption citing “heavy market exercise” however assured users “funds are SAFU” without disclosing the oracle corruption Yahoo Finance

5. Breach of Business Normal of Care
Concept: Binance failed to satisfy the usual of care expected of the world’s largest change.
Evidence:
• Chainlink’s oracle providers had no reported issues throughout the same occasion, displaying correct oracle design was achievable The Motley Idiot
• DeFi protocols handled the event correctly - Uniswap noticed document $10 billion in day by day quantity and Aave processed $180 million in liquidations without incident CryptoNews.com
Secondary Claims

6. Unjust Enrichment
Concept: Binance profited from liquidations while offering corrupt knowledge that prompted these liquidations.
Challenge: Arduous to prove direct profit, but:
• Binance takes fees on all liquidated positions
• Binance paid $283 million in compensation solely to its personal users, not to third-party change victims CoinCentral

7. Breach of Implied Obligation to Business Individuals
Principle: Because the dominant worth oracle provider, Binance had an implied obligation not to provide knowledge so corrupt it will trigger systemic failure.
Novel Concept - That is untested but probably viable given:
• Market dominance
• Recognized reliance by other platforms
• Magnitude of harm ($19B)+

If anybody want to be a part of the Discord server we will start discussions, gathering evidence and constructing a case in the direction of Binance for the occasions that occurred October 11 2025.

Thanks for you time studying this.