Cryptocurrency exchange Binance has promised to distribute $1 million to those affected by the recent failure to withdraw the CyberConnect (CYBER) token from the Earn service.

According to the platform's statement, on August 29 there was a discrepancy in CYBER prices due to a liquidity crisis in the internetwork protocols

This led to arbitrageurs borrowing CYBER from Binance to profit from the price difference. As a result, Earn users were unable to withdraw coins from the platform due to reaching the credit limit