Binance compensation will reimburse users who suffered direct losses caused by platform technical disruptions during the $19B crypto market crash on October 10–11, 2025; eligible users must submit claims to Binance customer service with transaction evidence for review.
Binance will review and reimburse losses caused by platform outages, not market volatility.
Approximately 1.67 million traders were liquidated during the sell-off, with Bitcoin and Ethereum hit hardest.
CoinGlass reported over $19 billion in wiped leveraged positions during the event.
Binance compensation, reimburse affected users after platform outages during $19B crypto crash; submit a claim to customer service now.
What is Binance compensation for the $19B crypto market crash?
Binance compensation is Binance’s formal process to review and reimburse users who incurred losses directly attributable to platform technical failures during the October 10–11, 2025 $19 billion leveraged-position liquidation event. Claims require transaction logs and clear evidence linking losses to system outages.
How will Binance reimburse affected users?
Binance will assess cases reported to its customer service team and reimburse verified losses that are directly caused by platform errors. Binance co‑founder Yi He confirmed the policy on October 11, 2025, asking affected users to register their cases for investigation.
Due to significant market fluctuations over the past 16 hours and a substantial influx of users, some users have encountered issues with their transactions. I deeply apologize for this. If you have incurred losses attributable to Binance, please contact our customer service to… https://t.co/9Q7GZuFY5H
— Yi He (@heyibinance) October 11, 2025
Why did the $19B sell-off happen and how did exchanges react?
The sell-off followed a surprise policy announcement on tariffs that triggered a global risk‑off move, rapidly evaporating liquidity. Exchanges including Binance, Coinbase, and Bitget experienced degraded performance and temporary outages as orderflow spiked and automated liquidations cascaded.
What were the market impacts and key statistics?
Data from CoinGlass shows the event wiped roughly $19 billion from leveraged positions within 24 hours. Around 1.67 million traders faced liquidations, with long positions holding over 85% of exposure. Bitcoin futures briefly touched near $102,000 and Ethereum dipped below $3,800 during peak volatility.
Frequently Asked Questions
How soon will Binance process compensation claims?
Binance has stated it will investigate reported cases promptly, prioritizing evidence-based claims. The exact timeline varies by case complexity but expect initial responses within days and full resolution depending on verification needs.
Can market volatility be reimbursed?
Binance clarified that compensation applies only to losses directly caused by platform technical failures, not general market volatility or losses stemming solely from price moves.
Key Takeaways
- Compensation scope: Binance reimburses verified losses tied to platform outages, not routine market losses.
- Scale of event: The sell-off wiped ~$19B in leveraged positions and liquidated ~1.67M traders.
- Action for users: Gather transaction evidence and file a claim with Binance customer service immediately.
Conclusion
Binance compensation aims to restore trust after technical failures during the October 10–11, 2025 $19 billion crypto market crash. Users impacted by execution errors should document their losses and submit claims for review. As exchanges improve resilience, monitoring and transparent remediation remain essential for market stability.