Binance Compensates Users After $19B Crypto Market Crash

Binance has announced a compensation plan for users affected by technical difficulties during the massive $19 billion crypto market crash triggered by President Trump’s tariffs on Chinese goods. The trading platform experienced outages and delays, causing significant losses for traders across major exchanges such as Binance, Coinbase, and Bitget. The sudden sell-off wiped out nearly 1.67 million trader positions in just 24 hours, with Bitcoin and Ethereum suffering some of the biggest losses.