Perspective AIA officially announced joint compensation with Binance for contract losses Incident recap December 11 - AIA announced a smart contract upgrade and token migration, and Binance simultaneously delisted the perpetual contract. Between 19:43 and 20:15 on the same day, a large number of contract users suffered losses due to information asymmetry. December 19 - Both parties confirmed a 'liquidation compensation' plan for affected users: - Compensation covers the time window down to the minute - Funds were directly airdropped into Binance spot accounts, no additional application required From the process of 'Binance delisting the contract → user losses → joint compensation,' several key takeaways emerge: 1. The priority of risk control. Binance prioritized platform risk management before addressing user losses, reflecting the exchange's risk control logic. 2. AIA's bargaining power. Not many projects can get Binance to cooperate on compensation. Additionally, executing precise airdrops to spot accounts requires deep collaboration at the exchange level. This indicates that the partnership between the two parties goes beyond ordinary token listing collaborations. The most valuable question is: Can AIA relaunch its contract on Binance? I’d say, while the compensation plan is commendable, projects delisted from Binance contracts typically face an observation period. Whether AIA can regain Binance contract support will depend on the project's future development.