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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 115 Views

Hey everybody. I am scripting this to warn the group concerning the arbitrary and non-transparent process behind the Binance "Together Initiative" compensation.

This isn't simply me complaining about "goodwill" money. This 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 personal criteria.

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

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 only $Four,000 (from a $Four-$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 because of secret elements.

  • Admission #1 (The Secret Elements): They admitted to utilizing "inner assessment 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 asked for the formulation, they formally said: "Pricey Consumer, we don't present mathematical calculation on this. I can't inform you on the method used."

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

I was informed my first attraction was rejected (for an irrelevant "system error" purpose). I began a new 5+ hour chat that went all the best way to the "Escalations Group" (Tavares).

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

  • He refused to answer why 126% loss will get the identical as 30% loss.
  • He refused to elucidate the standards for the $6,000 most payout.
  • His last protection was responsible me: "We're sorry that you simply interpreted our solutions that method."

Part 3: The Public X (Twitter) Battle & Silence

After being stonewalled internally, I took this public to X (Twitter). 1. I posted all 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, however to dismiss me again: "our staff explained to you concerning the ultimate determination... We aren't capable of proceed additional." Four. I replied one final time, proving their "rationalization" was a "REFUSAL." 5. Their ultimate response? Full silence. They might not answer, in order that they ran.`

Conclusion

Binance is operating a compensation program with a public $4-$6,000 vary, however they've **officially admitted (and confirmed on Twitter) that the *actual* formulation is secret, inner, and will not be offered.**

This is not transparency. This is not "rebuilding confidence." It's an arbitrary "black box."

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

Be careful, everybody. Their "goodwill" isn't as truthful because it appears.

submitted by /u/akfntm91
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