The post Binance to Distribute $300M to Crypto Traders Rekt in Record Liquidations appeared on BitcoinEthereumNews.com.

Key Notes The exchange will distribute $300 million in vouchers to users who lost over $50 and 30% of assets during the crash. Bitcoin plummeted from $122,000 to $104,000 following Trump’s tariff announcement, triggering the largest liquidation in history. An additional $100 million low-interest loan fund targets institutional users facing severe liquidity pressures from the event. October 10 and 11 marked crypto history with the largest market crash measured by total liquidations, summing up to $19 billion erased from traders who got “rekt,” as different security guards failed, registering unprecedented losses to most cryptocurrencies, investors, and speculators. In this context, Binance, one of the most affected markets during these recent liquidations, announced “an industry recovery and confidence rebuilding plan,” which the leading exchange is calling “The $400 Million Together Initiative.” As announced on October 14, the leading exchange will distribute $300 million in token vouchers ranging from $4 to $6,000 each. Eligible users are those who incurred forced liquidation losses down to $50 across futures and margin trading during the two days of the crash, as long as these losses represent 30% or more of the user’s net assets in a snapshot before the liquidations took place. Distribution is planned to start on October 15, 24 hours post announcement. Moreover, Binance will also provide $100 million for a low-interest loan fund to “institutional users severely impacted by this market fluctuation.” “We expect this to inject momentum into ecosystem participants’ recovery, alleviate liquidity pressures, and maintain stable operations for ecosystem partners. Eligible VIP and institutional users can submit applications through their dedicated account managers. We will provide a fast response and maintain strict confidentiality,” the official announcement states. Dark Friday: Largest-Ever Crypto Liquidation, $19B Rekt The crypto market took a heavy hit on October 10, when President Donald Trump posted about…

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Filed under: News - @ October 14, 2025 6:22 pm