Binance Implements 'Unprecedented Compensation' Following Trump-Related Market Turmoil

On November 11, Binance, the leading cryptocurrency exchange, announced that it would compensate certain users who lost funds due to abrupt price fluctuations the previous night, on a case-by-case basis.

He Yi, co-founder and Chief Customer Support Officer at Binance, stated that the exchange would address losses attributable to its operations, explaining as follows:

'Significant market fluctuations over the past 16 hours, coupled with a surge in user traffic, led to trading issues for some of our users. We deeply apologize for this.'

We will individually review each affected customer's account activity, analyze the situation, and provide appropriate compensation...