[Ethena Founder Praises Binance for Compensating Affected Users] On October 12, Binance pledged to fully compensate stablecoin users affected by liquidation losses, with a total amount of approximately $283 million. Ethena Labs founder Guy Young posted on X, commending Binance for its swift response and efforts to rebuild user trust. He stated that the partnership between the two parties remains unaffected by the incident and that they will work together to optimize risk management solutions, with related updates expected to be announced this week.