Good day everyone. I am scripting this to warn the group concerning the arbitrary and non-transparent course of behind the Binance "Collectively Initiative" compensation.
This isn't just me complaining about "goodwill" money. That is a few compensation program for the Oct 10-11 "abnormal ADL" failure (which Wintermute's CEO alleged), the place Binance is publicly refusing to elucidate its own criteria.
My Loss Ratio: **126%** (Max Severity - $24okay loss / $19okay belongings).The Program Range: $4 to $6,000.My Payout: **$4,000**.My Question: Why did my 126% loss not qualify for the $6,000 Max Payout?Binance's Reply (after 5+ hours & Escalations Group): **They ADMITTED they use secret formulation and REFUSED to offer any details.**
The Full Story & Evidence
I am one of the victims of the Oct 10-11 liquidations. My 126% loss ratio proves I was one of the severely impacted.
Once I acquired only $4,000 (from a $Four-$6,000 range), I contacted help (Case 149802630).
Part 1: The First Admissions (Case 149802630)
After hours of arguing, the agent (Gabriela) admitted my 126% calculation was right, however that my payout was low because of secret elements.
- Admission #1 (The Secret Elements): They admitted to utilizing
"inner evaluation incorporates multiple knowledge points and danger elements *beyond* simply the web asset value". (The public standards wasLoss / Internet Belongings). - Admission #2 (The Smoking Gun): Once I asked for the method, they officially said:
"Pricey Consumer, we do not provide mathematical calculation on this. I can't inform you on the formulation used."
Part 2: The 5-Hour Escalation Battle (Case CC8142784)
I used to be informed my first attraction was rejected (for an irrelevant "system error" purpose). I started a new 5+ hour chat that went all the best way to the "Escalations Group" (Tavares).
His job was to silence me. For hours, he just repeated "our choice is ultimate."
- He refused to reply why 126% loss will get the same as 30% loss.
- He refused to elucidate the standards for the $6,000 maximum payout.
- His ultimate protection was responsible me:
"We're 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 assist, however to dismiss me once more: "our staff defined to you concerning the ultimate choice... We aren't capable of proceed additional." 4. I replied one final time, proving their "rationalization" was a "REFUSAL." 5. Their remaining response? Full silence. They might not answer, in order that they ran.`
Conclusion
Binance is operating a compensation program with a public $4-$6,000 vary, but they've **formally admitted (and confirmed on Twitter) that the *actual* method is secret, inner, and will not be offered.**
This isn't transparency. This is not "rebuilding confidence." It's an arbitrary "black box."
Here is the gallery of all of the proof (my emails, and the important thing chat/Twitter screenshots): https://imgur.com/a/CILBey2
Be careful, everybody. Their "goodwill" isn't as truthful because it seems.
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