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.
- Most of the liquidations came from leveraged long positions.
The sell-off followed President Donald Trump’s announcement of plans to impose high tariffs on Chinese imports, raising concerns about a possible new trade war.
Bitcoin has rebounded above $114K after the market crash.
Author's summary: Binance compensates investors with $283M.