The initiative aims to compensate traders and institutional clients impacted by the record-breaking liquidation following a market crash sparked by President Trump’s tariff announcement.
Binance has launched a $400 million compensation initiative for users and institutional investors impacted by a major market crash caused by Trump's announcement of 100% tariffs on Chinese imports. The event led to $20 billion in open positions being wiped out and the liquidation of 1.7 million traders, marking the largest liquidation in crypto history.