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 President Donald Trump’s announcement of plans to impose high tariffs on Chinese imports, raising concerns about a possible new trade war.
Binance's two-phase compensation plan will cover users whose positions were liquidated due to the depeg events and those impacted by internal transfer or redemption delays.
Binance has announced a $283 million two-phase compensation plan.
- Compensation program: $283 million
- Liquidations: over $7 billion within an hour
- Trigger: President Donald Trump’s tariff announcement
Author's summary: Binance compensates investors with $283M.