PANews|Nov 09, 2025 13:40
[Crypto KOL Debunks Rumor: No Such 'Losses Due to Platform Technical Issues Are at User's Own Risk' Modification Found in Binance Historical Announcements]
In response to community rumors that Binance modified its terms on October 10, the day before the 1011 liquidation incident, to include a technical liability exemption clause, crypto KOL AB Kuai.Dong debunked the claim in a post on the X platform. Using a tool website to check the exchange's historical announcements, he compared Binance's terms from June 2024 with the newly revised terms from October 10, 2025, and found no such modification regarding 'losses due to platform technical issues are at user's own risk.' The recent user terms update mainly focused on:
· Requirements for changes to users' country of residence information
· Compliance, anti-money laundering, and information retrieval
· Prevention of attacks or abuse towards employees, etc.
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