[Binance Responds to October 11 Market Volatility and User Protection Measures] Binance issued a statement saying that the extreme market volatility on October 11 was triggered by global macroeconomic events, leading to a significant drop in crypto assets. Binance confirmed that its core systems were operating stably, with forced liquidation amounts remaining at a normal low level, and the volatility was driven by overall market trends. A review revealed brief lags in certain functional modules and the de-pegging of financial products. Binance has initiated compensation measures and optimized display logic, with API interfaces unaffected.