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.
The program is a two-phase plan that will cover users whose positions were liquidated due to the depeg events and those impacted by internal transfer or redemption delays.
The crypto market crash resulted in over $7 billion in liquidations within an hour, with most coming from leveraged long positions, following President Donald Trump’s announcement of plans to impose high tariffs on Chinese imports.
The panic led to a significant loss of value for many coins.
- Compensation program: $283 million
- Liquidations: over $7 billion
- Cause: market crash and stablecoin depegging
Author's summary: Binance compensates investors amid market crash.
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