The Binance display glitch briefly showed some altcoins at $0 due to a decimal-place display error after trading-rule updates, not an actual wipeout; the incident triggered mass liquidations and prompted Binance to move toward external oracles and a $283 million compensation pot for affected traders.
Published: 2025-10-13 · Updated: 2025-10-13 · Author: COINOTAG
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Display error, not real $0 prices
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Decimal-place reductions in trading pairs caused UI values to show as zero during a major sell-off.
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Liquidations ranged into the billions; Binance announced a $283 million compensation pool and plans to adopt external oracles by Oct. 14.
Binance display glitch showed temporary $0 prices due to UI decimal changes; learn what happened and how traders are being protected — read COINOTAG’s full update.
What is the Binance display glitch that showed tokens at $0?
Binance display glitch refers to an interface error after recent trading-rule updates that reduced allowed decimal places for certain pairs, causing some token prices (for example IOTX/USDT) to display as $0 while actual market prices remained above zero. Binance confirmed the issue and committed to remediation and compensation.
Why did some tokens appear as $0 on Binance?
Binance reported that a recent change to the minimum price movement — specifically, the number of decimal places permitted for certain trading pairs — produced rounding and display anomalies in the user interface. The result: prices for tokens such as IoTeX (IOTX), Cosmos (ATOM) and Enjin (ENJ) were shown as zero in some views, although order books and trades reflected real, nonzero prices. On-chain analytics and exchange statements indicate the event coincided with a broader market sell-off that triggered liquidations estimated at up to $20 billion across platforms, with approximately $1 billion of liquidations on Binance alone.
Was the $0 display linked to a market attack or oracle manipulation?
Industry observers and some prominent traders, including ElonTrades, suggested a possible exploit targeting internal price feeds or the exchange’s Unified Account mechanism, which can rely on internal order-book data. Binance has acknowledged concerns about oracle integrity and announced plans to adopt external oracles by October 14 to reduce dependence on internal data sources. Official statements from Binance described the visible zeros as a display issue tied to decimal precision rather than an outright price manipulation; however, investigators continue to examine whether coordinated actions amplified liquidations.
Frequently Asked Questions
How many assets showed $0 and which tokens were affected?
Several altcoins briefly showed $0 in parts of Binance’s interface during the sell-off; tokens reported by users and the exchange include IoTeX (IOTX), Cosmos (ATOM) and Enjin (ENJ). The anomaly was limited to display fields tied to pairs with newly reduced decimal precision and did not reflect actual exchange order-book prices.
Is my money safe if I traded during the glitch?
Binance announced a $283 million compensation pot to assist impacted traders and stated it will review trades and liquidations related to the incident. Traders should check official Binance account notices and support channels for specific guidance; COINOTAG advises keeping records of trades and contacting the exchange’s support for case review.
Key Takeaways
- Display error, not a price crash: The zeros shown in some UI views were caused by decimal-place changes, not an actual token value of $0.
- Significant liquidations occurred: The broader market sell-off resulted in multi-billion-dollar liquidations, with on-chain data and market reports estimating up to $20 billion across platforms.
- Operational fixes and compensation: Binance plans to adopt external oracles by Oct. 14, and has set up a $283 million compensation pool to address trader losses tied to the event.
Conclusion
The incident underscored how platform-level settings — such as permitted decimal precision — can materially affect displayed market information and trader behavior. COINOTAG reports that Binance has characterized the event as a display glitch, while industry participants continue to probe potential manipulation vectors and systemic vulnerabilities. Traders are advised to monitor official exchange communications, document any disputed trades, and follow updates as external-oracle adoption and regulatory scrutiny evolve.
Publication and updates: Published and updated on 2025-10-13 by COINOTAG. Sources referenced as plain text include Binance official statements, on-chain analytics firms, and industry commentary from Kris Marszalek (Crypto.com) and trader ElonTrades.
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