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Binance Launches $400 Million Relief Program for Struggling ...
2025-10-15 04:40:14
Trading

Binance Launches $400 Million Relief Program for Struggling Traders

Binance has introduced a substantial $400 million relief program aimed at assisting traders impacted by a significant recent downturn in the cryptocurrency market. This initiative, which includes token vouchers of up to $6,000, is part of a broader $728 million support effort from Binance and BNB Chain.

To qualify, traders must show losses exceeding 30% of their total net assets during the specified period. Additionally, Binance plans to establish a $100 million low-interest loan fund for those affected.

The exchange characterized the recent market turmoil as one of the most challenging times in its history, highlighting its commitment to prioritizing user welfare amidst the volatility.

The press radar on this topic:

The Street
15. Oktober 2025 um 20:08

Binance to compensate users after technical snag during $19B market crash

Binance has pledged to compensate users affected by technical issues during a $19 billion market crash on Oct. 10. The crash was triggered by Donald Trump's announcement of 100% tariffs on China, causing a mass exodus from risk assets and one of the largest crypto wipeouts in history. Binance co-founder Yi He apologized for disruptions and invited affected users to register their losses with customer service. Over $19.3 billion in leveraged positions were liquidated within 24 hours, marking one..
The Street
15. Oktober 2025 um 20:08

Binance launches $400M recovery fund to aid users hit by market crash

Binance pledges $300 million in token vouchers to support users who suffered liquidation losses during last week’s downturn. The move follows what the exchange described as one of the toughest weeks in recent memory for the broader market, as asset prices fell sharply amid a prolonged macroeconomic downturn that dented user confidence across the sector. “Users are always our first priority. That is what makes us who we are,” Binance said in its announcement. “Without our users’ support, there..
Cointelegraph.com News
14. Oktober 2025 um 22:23

Binance rolls out $400M program for traders hit by Friday’s downturn

Binance has launched a $400 million relief program to help traders affected by the recent crypto sell-off, distributing token vouchers worth up to $6,000. The initiative is part of a combined $728 million in support from Binance and BNB Chain. To qualify, traders must have incurred losses between Oct. 10-11, with at least 30% of their total net assets lost. A separate $100 million low-interest loan fund will also be established for impacted users.
VnExpress English
15. Oktober 2025 um 02:45

Why cryptocurrency prices crashed to zero on world’s largest crypto exchange Binance

A market crash on Binance, the world's largest cryptocurrency exchange by trading volume, sent prices plummeting, with some altcoins dropping 99-100% within minutes. The crash, which occurred on Oct. 11, resulted in over $20 billion worth of crypto positions being liquidated and affected nearly 1.6 million investors. Binance attributed the incident to a brief technical issue in its platform module, while experts pointed to historical limit orders being triggered by one-sided liquidity and cros..
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