Binance Rolls Out $400M Program for Traders Hit by Friday’s Downturn
Binance is launching a $400 million relief initiative to support users affected by heavy losses during the recent crypto market crash but maintains it is not liable for users’ losses. The program will distribute $300 million in token vouchers, valued between $4 and $6,000, to traders who suffered forced liquidations between October 10–11, 2025, provided they lost at least $50 and those losses represent at least 30% of their net assets. Additionally, Binance will establish a $100 million low-interest loan fund for ecosystem and institutional users to ease liquidity pressures. This response follows the largest single liquidation event in crypto history—over $19 billion in leveraged positions—after U.S. political news triggered a sell-off. Binance faced criticism for technical issues during the crash, including users’ inability to close positions and price discrepancies, though it stated its core systems functioned normally. To date, Binance and BNB Chain announced $728 million in combined recovery measures. User reactions have been mixed, with some praising Binance’s effort to restore confidence, while others argue the compensation is inadequate given the scale of losses.
