The post Market News: Binance Plans Its Largest-Ever Compensation Program for Affected Users appeared on BitcoinEthereumNews.com.

Binance announces its largest-ever compensation program to cover user losses from technical issues amid recent $700M market liquidations worldwide. Binance may soon launch its largest compensation program to date. Therefore, this move follows recent extreme market volatility. The exchange is designed to compensate users who have lost their funds due to transaction issues. However, the compensation will be confined to the losses that can be directly attributed to the Binance platform’s issues. This commitment reflects the exchange’s commitment to its user base. Binance Apologizes and Announces Individual Loss Review Binance co-founder He Yi spoke to the community. She sincerely apologized to users for the problems they had with transactions. In particular, these problems were caused by high market volatility. They were also the result of a significant increase in users during a 16-hour timeframe. This heavy traffic caused an overload on the system performance. He Yi asked users to contact customer service immediately. Thus, users who have suffered losses because of Binance have to register their cases. The exchange will also provide a review for each account activity. Furthermore, they will scrutinize the whole scenario well. Users will be appropriately compensated after this evaluation. Related Reading: Bitcoin Crash: Bitcoin Plunges Below $102K as U.S.–China Tariff War Sparks Market Chaos | Live Bitcoin News The recent volatility was the result of significant events in the world. For example, recently, Bitcoin fell below $102,000. This was stimulated by the tariff war between the US and China. The war scares, therefore, brought about a massive market crash. As a result of this, the amount of liquidations in global markets reached a staggering $700 million. Binance data can confirm the volatile flash crash of Bitcoin. Indeed, BTC bounced back to $110,563.5 from the bottom. Even on a day-to-day basis, the price was down by…

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Filed under: News - @ October 11, 2025 11:28 pm