The world’s largest crypto exchange, Binance, is compensating users affected by technical issues during the $19 billion liquidation event on Oct. 10. The sell-off followed Trump’s announcement of 100% tariffs on China, triggering a massive crypto wipeout. Nearly 1.67 million traders were liquidated, with BTC and ETH leading losses.

Binance co-founder Yi He apologized for disruptions caused by market fluctuations and system overload. Users affected by Binance issues can contact customer service for review. Over $19.3 billion in leveraged positions were liquidated within 24 hours, with BTC dropping to $102,000 and Ether below $3,800. CEX and DEX exchanges experienced outages and failed orders due to high volatility.

Exchanges like Binance, Coinbase, and Bitget reported intermittent delays, degraded performance, and abnormal market notifications during the sudden spike in volatility. A whale reportedly made $160 million by shorting ahead of Trump’s China tariff announcement. This news was first reported by TheStreet on Oct. 11, 2025, in the Technology News section.

Read more at Yahoo Finance: Binance to compensate users after technical snag during $19B market crash