Historic Crypto Crash Aftermath: Binance’s $400M Payout Plan to “Rekt” Traders
Biggest Crash on Record Jolts Crypto Markets Cryptocurrency markets were roiled by an unprecedented crash on Oct. 10–11, 2025, sparked by geopolitical shock. On Oct. 10, former U.S. President Donald Trump stunned markets by threatening 100% tariffs on Chinese imports, reigniting trade-war fears ts2.tech. Investors fled risk assets en masse, triggering a flash crash across crypto markets. Within hours, Bitcoin collapsed ~16%, tumbling from around $125,000 to lows near $104,000 coinspeaker.com. Major altcoins plunged even further – Ethereum fell from ~$4,500 to the mid-$3,000s (−15–20%), while many smaller coins nosedived 30–80% in the panic selling ts2.tech. As one outlet summarized,