Binance responded to the "closed contract positions of Australian users", saying that this was due to the misclassification of some accounts. The team found that some Australian users were misclassified as "wholesale clients" on Binance. In accordance with Australian regulations, we are required to notify these users and close their derivatives positions immediately. We have contacted all affected users and will fully compensate them for their derivatives trading losses. Foresight News previously reported that @skyquake_1 said Binance Australia closed its derivatives positions and accounts. the