Hey everybody. I'm scripting this to warn the group concerning the arbitrary and non-transparent process behind the Binance "Together Initiative" compensation.
This isn't just me complaining about "goodwill" cash. That is a few compensation program for the Oct 10-11 "abnormal ADL" failure (which Wintermute's CEO alleged), where Binance is publicly refusing to elucidate its personal standards.
My Loss Ratio: **126%** (Max Severity - $24okay loss / $19okay belongings).The Program Vary: $4 to $6,000.My Payout: **$Four,000**.My Query: Why did my 126% loss not qualify for the $6,000 Max Payout?Binance's Answer (after 5+ hours & Escalations Staff): **They ADMITTED they use secret formulas and REFUSED to offer any particulars.**
The Full Story & Evidence
I'm one of the victims of the Oct 10-11 liquidations. My 126% loss ratio proves I used to be one of the crucial severely impacted.
Once I acquired only $Four,000 (from a $Four-$6,000 vary), I contacted help (Case 149802630).
Half 1: The First Admissions (Case 149802630)
After hours of arguing, the agent (Gabriela) admitted my 126% calculation was right, but that my payout was low because of secret elements.
- Admission #1 (The Secret Elements): They admitted to utilizing
"inner assessment incorporates multiple knowledge factors and danger elements *past* simply the web asset value". (The general public criteria wasLoss / Internet Belongings). - Admission #2 (The Smoking Gun): Once I requested for the components, they officially said:
"Pricey Consumer, we don't provide mathematical calculation on this. I can't inform you on the components used."
Half 2: The 5-Hour Escalation Battle (Case CC8142784)
I used to be informed my first attraction was rejected (for an irrelevant "system error" cause). I started a new 5+ hour chat that went all the best way to the "Escalations Workforce" (Tavares).
His job was to silence me. For hours, he just repeated "our choice is last."
- He refused to answer why 126% loss will get the same as 30% loss.
- He refused to elucidate the standards for the $6,000 most payout.
- His remaining defense was accountable me:
"We are sorry that you simply interpreted our answers that method."
Half three: The Public X (Twitter) Struggle & Silence
After being stonewalled internally, I took this public to X (Twitter). 1. I posted all the proof (126% vs $4k, "components refused"). 2. After 24 hours of strain, u/BinanceHelpDesk replied PUBLICLY. three. Their official reply was **NOT** to help, but to dismiss me once more: "our workforce defined to you concerning the ultimate determination... We aren't capable of proceed additional." Four. I replied one final time, proving their "rationalization" was a "REFUSAL." 5. Their remaining response? Complete silence. They might not answer, in order that they ran.`
Conclusion
Binance is operating a compensation program with a public $Four-$6,000 range, but they have **formally admitted (and confirmed on Twitter) that the *actual* formulation is secret, inner, and will not be offered.**
This isn't transparency. This isn't "rebuilding confidence." It's an arbitrary "black box."
Right here is the gallery of all the evidence (my emails, and the key chat/Twitter screenshots): https://imgur.com/a/CILBey2
Watch out, everyone. Their "goodwill" isn't as truthful because it seems.
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