幣安、加密貨幣崩潰和支付計劃：剛剛發生了什麼？

深入探討 2025 年 10 月的加密貨幣崩盤、幣安的應對措施以及旨在恢復用戶信心的 4 億美元支付計劃。

Binance, Crypto Crash, and the Payout Plan: What Just Happened?

幣安、加密貨幣崩潰和支付計劃：剛剛發生了什麼？

October 2025 saw a wild ride in the crypto markets, with a significant crash rattling investors. Binance, one of the largest exchanges, faced the brunt of the storm and responded with a massive payout plan. Here's the lowdown.

2025 年 10 月，加密貨幣市場經歷了一場瘋狂的上漲，嚴重的崩盤令投資者感到不安。最大的交易所之一幣安網首當其衝，並以巨額支付計劃作為回應。這是內幕。

The Crypto Carnage of October 2025

2025 年 10 月的加密貨幣大屠殺

On October 10-11, 2025, the crypto market experienced a major crash, triggered by geopolitical shockwaves related to renewed trade war fears. Bitcoin plummeted ~16%, from $125,000 to around $104,000, while altcoins took an even bigger hit. An estimated $19 billion in leveraged crypto positions were liquidated across exchanges. Binance, handling a large chunk of global crypto trading, felt the pressure most acutely.

2025 年 10 月 10 日至 11 日，加密貨幣市場經歷了一次重大崩盤，原因是與新一輪貿易戰擔憂相關的地緣政治衝擊波。比特幣暴跌約 16%，從 125,000 美元跌至 104,000 美元左右，而山寨幣遭受的打擊更大。據估計，各交易所清算了 190 億美元的槓桿加密貨幣頭寸。處理全球大部分加密貨幣交易的幣安感受到的壓力最為強烈。

Binance Under Fire: Service Disruptions and De-Pegging Drama

幣安遭受攻擊：服務中斷和脫鉤戲劇

The sheer volume of activity overwhelmed Binance's trading engine, leading to order failures, price feed lags, and temporary account freezes. Adding fuel to the fire, several tokens on Binance, designed to mirror external assets, became unpegged. Ethena's USDe stablecoin dipped to ~$0.65, and wrapped versions of Solana (BNSOL) and staked Ether (WBETH) also deviated from their real market values. This triggered auto-liquidations, leaving many users in the dust.

龐大的活動量壓垮了幣安的交易引擎，導致訂單失敗、價格反饋滯後和賬戶臨時凍結。火上澆油的是，幣安上一些旨在反映外部資產的代幣變得脫鉤。 Ethena 的 USDe 穩定幣跌至約 0.65 美元，Solana (BNSOL) 和質押以太幣 (WBETH) 的打包版本也偏離了其真實市場價值。這引發了自動清算，讓許多用戶陷入困境。

Damage Control: Binance's Payout Plan

損害控制：幣安的支付計劃

Binance quickly moved to address the situation. Co-founder Yi He apologized and promised compensation for losses

幣安迅速採取行動解決這一問題。聯合創始人何一致歉並承諾賠償損失