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[WARNING] Binance "Together Initiative" is a non-transparent "Black Box." My 126% Loss Ratio got a $4k payout, and they ADMITTED they use secret formulas. (Full Chat/Twitter evidence inside: Cases 149802630 & CC8142784)

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Cryptocoins Exchanges / Binance 114 Views

Hiya everyone. I am scripting this to warn the group concerning the arbitrary and non-transparent course of behind the Binance "Together Initiative" compensation.

This isn't just me complaining about "goodwill" money. That is a few compensation program for the Oct 10-11 "irregular ADL" failure (which Wintermute's CEO alleged), where Binance is publicly refusing to elucidate its own criteria.

  • My Loss Ratio: **126%** (Max Severity - $24okay loss / $19okay belongings).
  • The Program Range: $Four to $6,000.
  • My Payout: **$4,000**.
  • My Query: Why did my 126% loss not qualify for the $6,000 Max Payout?
  • Binance's Answer (after 5+ hours & Escalations Group): **They ADMITTED they use secret formulas and REFUSED to offer any details.**

The Full Story & Evidence

I'm one of many victims of the Oct 10-11 liquidations. My 126% loss ratio proves I was some of the severely impacted.

Once I acquired solely $Four,000 (from a $4-$6,000 vary), I contacted help (Case 149802630).

Half 1: The First Admissions (Case 149802630)

After hours of arguing, the agent (Gabriela) admitted my 126% calculation was right, but that my payout was low due to secret elements.

  • Admission #1 (The Secret Elements): They admitted to utilizing "inner evaluation incorporates multiple knowledge factors and danger elements *beyond* simply the web asset worth". (The general public criteria was Loss / Internet Belongings).
  • Admission #2 (The Smoking Gun): Once I requested for the formulation, they formally said: "Pricey Consumer, we do not present mathematical calculation on this. I can't inform you on the components used."

Part 2: The 5-Hour Escalation Battle (Case CC8142784)

I used to be advised 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 Staff" (Tavares).

His job was to silence me. For hours, he just repeated "our choice is remaining."

  • He refused to answer why 126% loss gets the same as 30% loss.
  • He refused to elucidate the standards for the $6,000 most payout.
  • His remaining protection was in charge me: "We are sorry that you simply interpreted our solutions that method."

Half three: The Public X (Twitter) Battle & Silence

After being stonewalled internally, I took this public to X (Twitter). 1. I posted all of the evidence (126% vs $4k, "components refused"). 2. After 24 hours of strain, u/BinanceHelpDesk replied PUBLICLY. three. Their official reply was **NOT** to help, but to dismiss me again: "our workforce defined to you concerning the ultimate determination... We aren't capable of proceed additional." Four. I replied one last 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 $Four-$6,000 range, however they have **formally admitted (and confirmed on Twitter) that the *precise* components is secret, inner, and will not be offered.**

This is not transparency. This isn't "rebuilding confidence." It's an arbitrary "black field."

Right here is the gallery of all the evidence (my emails, and the important thing chat/Twitter screenshots): https://imgur.com/a/CILBey2

Be careful, everyone. Their "goodwill" isn't as truthful as it seems.

submitted by /u/akfntm91
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