Binance Issues $283 Million in Investor Compensation
Binance has announced a $283 million compensation program for investors affected by last week’s market crash and stablecoin depegging.
This follows a significant crypto market crash, resulting in over $7 billion in liquidations within an hour, primarily from leveraged long positions.
The crash was triggered by concerns over a possible new trade war, following President Donald Trump’s announcement of plans to impose high tariffs on Chinese imports.
The compensation plan is a two-phase program, covering users whose positions were liquidated due to the depeg events and those impacted by internal transfer or redemption delays.
Binance launches a $283M compensation program for investors affected by last week’s market crash and stablecoin depegging.
Bitcoin has rebounded above $114K, indicating a potential recovery in the market.
Author summary: Binance offers $283M compensation.