The Binance display issue caused several altcoins to appear at $0 on the exchange interface due to reduced decimal-place settings for certain trading pairs, not a true market wipeout. Binance has confirmed the UI rounding error, is assessing affected traders and announced compensation for liquidations tied to the event.
Display glitch: certain trading pairs showed $0 because of decimal-place rounding in Binance’s UI.
Event coincided with an unprecedented 24-hour liquidation wave that erased up to $20 billion in leveraged positions.
Binance announced $283 million in compensation; cascading liquidations may have amplified market-wide losses by about $1 billion on the platform.
Binance display issue: several altcoins showed $0 on Binance due to a UI decimal display bug; COINOTAG reports on liquidations, compensation and ongoing investigations.
By COINOTAG — Published: 2025-10-11 | Updated: 2025-10-12
What caused tokens to display $0 on Binance?
The Binance display issue occurred when certain trading pairs had their minimum price movement decimals reduced, causing the user interface to round displayed prices to zero. Binance stated this was a display problem rather than an actual $0 market price, and the exchange is working to correct price feeds and review affected accounts.
Did the apparent $0 prices result from a technical bug or an attack?
Binance attributes the anomaly primarily to a decimal-rounding and display bug for specific pairs such as IOTX/USDT. Independent traders and observers raised concerns that the internal mechanism sourcing price data from Binance’s Unified Account order book — rather than external oracles — could be manipulated. Crypto commentator ElonTrades suggested that the timing of Binance’s planned shift to external oracles left a window that threat actors may have exploited, though Binance has characterized the core issue as UI-related.
How did the display issue affect traders and the wider market?
The display error coincided with the largest 24-hour liquidation event on record, which removed up to $20 billion in leveraged positions across crypto markets. On Binance specifically, traders reported cascade liquidations that the platform estimates contributed to roughly $1 billion in position unwinds tied to the depegging and display anomalies. Binance has declared a compensation package totalling $283 million to reimburse affected customers.
What steps has Binance taken and what investigations are underway?
Binance announced plans to source additional price feeds from external oracles by October 14 to reduce reliance on internal order-book data for certain features. The exchange said it will correct the decimal-display settings and audit impacted accounts to determine appropriate compensation. Industry figures, including Kris Marszalek (Crypto.com CEO), have called for regulatory review of centralized exchanges after the market turmoil. Official company statements and public posts from involved traders are being reviewed as part of internal and external inquiries.
Frequently Asked Questions
Did users permanently lose funds when tokens showed $0 on Binance?
Not necessarily. According to Binance, the $0 readings were a UI display issue caused by decimal rounding and did not reflect a true market price of zero. Some users were liquidated as prices displayed incorrectly; Binance has announced a $283 million compensation pool and is reviewing accounts for reimbursements.
How can traders check if their positions were affected?
Check your Binance account transaction history and margin/derivatives position logs for timestamps matching the incident; Binance advises contacting its support channels with specific order IDs and screenshots for review. Keep transaction records and exchange statements for any compensation claims and for regulator inquiries.
Key Takeaways
- Display error, not market wipeout: Binance’s decimal settings caused some pairs to show $0 in the UI, per the exchange’s announcement.
- Significant liquidations: The glitch coincided with a historic $20 billion market liquidation event and about $1 billion in cascade liquidations on Binance.
- Compensation and fixes: Binance announced $283 million in compensation and a move to external oracle feeds to prevent similar incidents; regulatory scrutiny and independent reviews are expected.
Conclusion
The recent Binance display issue temporarily showed multiple altcoins at $0 due to decimal-display rounding, triggering a wave of liquidations during an already volatile market. COINOTAG will continue to monitor official Binance statements, trader reports and regulatory responses as the exchange implements external price feeds and processes compensation claims — readers should preserve trade records and follow platform updates closely.