Binance Flash Crash Liquidations – Low Leverage Loans Not Compensated, Only Futures/Perps. Anyone Else Affected?

On Oct 11 there was a sudden flash crash on Binance that wiped out numerous accounts. I was liquidated on a 2x low-leverage mortgage place, not a high-risk futures trade yet my belongings have been instantly bought off for pennies on the dollar because of the worth spike.

Binance has launched an announcement saying they may compensate users affected on Futures & Perpetuals, but NOT users whose loan-backed spot positions have been liquidated, claiming “collateral was offered” which is unnecessary because the collateral was force-sold at irregular prices in the course of the crash.

Binance announcement:
https://www.binance.com/en-AE/support/announcement/detail/3d45a1ab541f463982d59c8de85e36b8

So principally: Excessive-leverage futures traders get compensation and Low-leverage users with SAFER positions get nothing, despite the fact that both have been liquidated in the same system-wide crash.

This is the precise opposite of what risk-management is supposed to imply.

I’m trying to find out:

• Did anybody open a help ticket to get compensated on loans and get rejected the same method?
• Is there a gaggle attraction, Reddit thread, or authorized motion forming?
• Has Binance ever compensated mortgage liquidations in previous flash crashes?

This looks like a double commonplace, and it punishes customers who DID NOT take irresponsible leverage.

Should you have been affected, comment under power in numbers.