A recent cryptocurrency market crash, triggered by US-China tariff announcements, led to the liquidation of over 1.6 million traders, primarily on Binance and Hyperliquid exchanges. A significant loss in market value was recorded across major crypto assets like Bitcoin and Ethereum as a result. Binance, one of the largest exchanges, has committed to covering losses estimated at $283 million. This event highlights vulnerabilities in the cryptocurrency ecosystem, prompting calls for increased regulation and stricter oversight of hybrid DeFi/CeFi systems. The impact: The crash caused widespread market volatility and left many traders facing significant financial losses. Experts estimate that some individuals lost hundreds or even millions of dollars, with total losses reaching billions. This event has underscored the need to strengthen regulatory measures and prevent similar crises from occurring again. **Looking forward**: Regulators are now considering stricter guidelines for exchanges like Binance as well as an analysis of the stability of hybrid DeFi/CeFi systems. Experts emphasize the importance of technological resilience in these infrastructures to avoid future market disruptions.