Binance: 500 Australian users affected by contract position closures

According to Binance, 500 users in Australia were affected by the closure of contract positions. Binance previously responded to the "closed contract positions of some Australian users", saying, "This is due to the misclassification of some accounts. The team found that some Australian users were misclassified as wholesale clients on Binance. .According to Australian regulations, we are required to notify these users and immediately close their derivatives positions. We have contacted all affected users and will fully compensate them for their losses in derivatives transactions.”