Binance definitely has the ability to compensate; this was a foregone conclusion even without prior announcement from Binance. The problem is that after the Binance hack was amplified, a series of smaller issues were also magnified. Trust is collapsing as prices fall, and a chain reaction of declines is accumulating. Both investors and institutions believe this decline will likely continue. What the market believes in will eventually materialize; the question is how low it will fall this time. Confidence is truly more important than anything else.