Binance Pays $283M After Crash, BNB Hits Record High

Following one of the most volatile trading days in crypto history, Binance announced a $283 million compensation plan for users affected by losses from token depegging and platform issues. The exchange’s move came after extreme market turbulence triggered $19 billion in liquidations across exchanges, with Binance accounting for $2.3 billion. Despite the chaos, BNB surged 17% to a new all-time high of $1,355, reflecting renewed investor confidence in the exchange’s resilience. Binance also pledged system improvements and tighter risk controls to prevent future incidents, reinforcing its commitment to transparency and user trust.