• A system glitch on Binance blocked key security orders, inflicting big losses for merchants throughout the market.
• API and order failures that lasted over 100 minutes raised questions on Binance’s danger administration system.
• Merchants are demanding audits following a collapse in liquidity and compelled liquidations throughout a number of exchanges.

A number of merchants reported a technical glitch on October 11, 2025 that prompted Binance’s automated danger administration and ordering system to reject fee makes an attempt for over 100 minutes.

Logs for affected accounts present an outage interval from 05:12 to 07:02 (UTC+8), which corresponds to 21:12 to 23:02 UTC on October tenth. Throughout that interval, orders designed to restrict publicity, together with ReduceOnly directions, didn’t execute and returned an error.

How the failure occurred throughout the stack

Customers logged HTTP 503 responses and API error codes comparable to -1008 (“Server busy”) and -4118 (“ReduceOnly failed”). This sample suggests each infrastructure congestion and application-level rule failures throughout the trade’s order pipeline.

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Merchants say that though Binance has publicly said that ReduceOnly security orders are prioritized throughout occasions of excessive load, logs present these orders usually are not stuffed when volatility will increase.

Losses widen as liquidity declines

One market maker reported a lack of 591,835 USDT in DOGE and XRP after repeated rejections prevented a danger management exit. Different individuals shared related traces throughout a number of pairs, noting that the depth of Binance’s order ebook evaporated through the incident.

An unbiased examine cited within the submitting discovered deeper value divergences between Binance and peer exchanges over the identical interval, which spilled over into derivatives indexes and compelled liquidations on a number of exchanges.

Why merchants name this a platform-level incident

Merchants declare that Binance’s system failure has turned a traditional market danger right into a platform-level accident. He emphasised that even when customers settle for buying and selling volatility, they can’t handle danger if the infrastructure prevents order execution.

Affected events requested detailed audit logs from Binance to confirm how the “ReduceOnly precedence” mechanism malfunctioned. Some business observers have likened the scenario to previous instances the place exchanges confronted regulatory motion for system-level errors that affected buyer buying and selling.

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