Seeking users for class action vs Binance - October 11 2025

Howdy world.

Ive created a discord server right here https://discord.gg/ZNV4Y8SQrP for customers to hitch to debate legal proceedings in the direction of Binance for the occasions that happened October 11 2025.

That is early days in what is going to doubtless be an extended journey which may or might not finally end in an consequence 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 extra importantly guarantee such events never happen once more. Individuals lost futures and lives, in all probability a lot more than we publicly are aware of.

There are a couple of authorized companies based mostly in US, particularly in NY that maybe might take on our claim if we now have enough users to make some noise.

Personally I am not a Binance consumer, but I lost the whole lot 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 resulting in systemic worth failure, some examples of this embrace SUI-USDT and LINK-USDT pairs, SUI particularly dropped from 3.30~ USD on the day to zero.50~ USD which is unattainable by liquidity means, the truth is, it's possible 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 customers across the business on Binance and Binance API exchanges. Causation is obvious as Binance failed their obligation of care, did not full their obligation to offer liquidity to protect users, didn't interact with circuit breakers to guard users, unfold false costs throughout the business which triggered cascade in losses.

Im not a lawyer or a authorized mind by any means but from the analysis offered by users and establishments across the business right here is some factors of interest. These factors may be theories now, but when this class action features traction Binance might be required to offer proof by means of discovery.

From some temporary analysis there are already numerous regulators from international jurisdictions investigating what occurred, how and why on October 11 2025.

This event should never have happened. Interval.

1. Negligent Provision of Oracle Knowledge (Negligent Misrepresentation)
Concept: Binance knew or ought to have recognized that different exchanges relied on their worth knowledge for liquidation oracles, and negligently offered corrupted worth info.
Parts to prove:
• 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
• Other exchanges (like MEXC, Bybit) fairly relied on Binance knowledge, doubtless 100s of protocols in complete.
• Users suffered damages as a direct outcome
Supporting Proof:
• Hyperliquid’s public documentation exhibits Binance has the very best weight (3) in oracle calculations used across 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 better oracles on October 6, but delayed implementation until October 14, creating an 8-day window Cryptopolitan

2. Gross Negligence / Reckless Disregard
Principle: Binance knew concerning the oracle vulnerability, introduced they have been fixing it, however did not implement the repair before 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 within the vulnerability window CCN
• Specialists warned that for PoS-based belongings, oracles should keep a hard flooring worth, and relying only on spot prices inside an trade is “asking for hassle” Cryptopolitan

three. Failure to Keep Enough Danger Controls
Concept: As the dominant trade, Binance had an obligation to take care of techniques that wouldn’t cause systemic market failure.
Proof:
• Binance created a really perfect “vulnerability window” the place any consumer with sufficient capital might artificially transfer costs and set off a sequence reaction of billion-dollar liquidations UNN
• Sample of regulatory failures - Binance beforehand paid $968 million to OFAC and $4.3 billion for AML violations, demonstrating a pattern of compliance failures U.S. Treasury BDO Canada

four. Market Manipulation by Omission
Principle: Binance did not halt trading or warn users once they knew costs have been corrupted.
Supporting Details:
• USDe crashed to $zero.6567 on Binance while sustaining parity on all different 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” with out disclosing the oracle corruption Yahoo Finance

5. Breach of Business Commonplace of Care
Concept: Binance failed to satisfy the standard of care expected of the world’s largest trade.
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 occasion correctly - Uniswap noticed report $10 billion in day by day quantity and Aave processed $180 million in liquidations with out incident CryptoNews.com
Secondary Claims

6. Unjust Enrichment
Principle: Binance profited from liquidations whereas providing corrupt knowledge that prompted those liquidations.
Challenge: Onerous to show direct profit, however:
• Binance takes charges on all liquidated positions
• Binance paid $283 million in compensation only to its own users, to not third-party change victims CoinCentral

7. Breach of Implied Obligation to Business Individuals
Concept: Because the dominant worth oracle supplier, Binance had an implied obligation to not 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 hurt ($19B)+

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

Thanks for you time reading this.