Binance Offers $400M Relief Program to Traders Impacted by Recent Market Crash

Binance, a major cryptocurrency exchange, has launched a comprehensive relief program worth $400 million for traders affected by last week’s market crash. The initiative aims to provide token vouchers and liquidity loans to those impacted by forced liquidations on futures and margin positions between October 10th and 11th. The move comes as the exchange acknowledges the significant losses experienced by users during the recent sell-off triggered by President Trump’s tariffs threat. While Binance states it does not accept responsibility for user losses, the relief program will distribute vouchers valued between $4 to $6,000, with each eligible user needing to have suffered at least a $50 loss in crypto representing 30% or more of their net assets based on a balance snapshot from October 9th. The exchange also released a $100 million low-interest loan fund for institutional clients and ecosystem projects impacted by the sell-off. This funding aims to ease liquidity pressures during this period of market volatility.