Binance Flash Crash Liquidations – Low Leverage Loans Not Compensated, Only Futures/Perps. Anyone Else Affected?

On Oct 11 there was a sudden flash crash on Binance that wiped out plenty of accounts. I was liquidated on a 2x low-leverage loan position, not a high-risk futures trade but my belongings have been instantly bought off for pennies on the dollar because of the worth spike.

Binance has released an announcement saying they'll compensate users affected on Futures & Perpetuals, but NOT users whose loan-backed spot positions have been liquidated, claiming “collateral was offered” which is senseless because the collateral was force-sold at abnormal prices in the course of the crash.

Binance announcement:
https://www.binance.com/en-AE/support/announcement/detail/3d45a1ab541f463982d59c8de85e36b8

So principally: Excessive-leverage futures merchants get compensation and Low-leverage users with SAFER positions get nothing, despite the fact that both have been liquidated in the same system-wide crash.

That is the precise opposite of what risk-management is supposed to imply.

I’m trying to find out:

• Did anybody open a help ticket to get compensated on loans and get rejected the identical means?
• Is there a gaggle attraction, Reddit thread, or legal action forming?
• Has Binance ever compensated mortgage liquidations in past flash crashes?

This looks like a double commonplace, and it punishes customers who DID NOT take irresponsible leverage.

In the event you have been affected, comment under power in numbers.