HTX follows Binance to boost efforts to bounce back the market after the Black Friday incident.

HTX has just announced the launch of the initiative “Sail Together”, aiming to distribute 100 million USD in the form of USDT to traders affected by the market fall on October 11, an event that led to the liquidation of over 19 billion USD across the crypto market.

The compensation program, extended until November 15, aims to support users who have suffered verified losses during the period of significant price fall, while also seeking to minimize the impact on the global user community of the exchange.

This program establishes the eligibility criteria for traders to participate. Specifically, users who have recorded a verified loss of at least 100 USD during the period from October 9 to October 11, 2025, will be eligible to claim compensation.

These losses must arise from futures trading activities on the HTX exchange or other exchanges. The compensation amount will be determined based on the recorded trading losses and submitted through the platform.

Airdrop Time and Process

The airdrop period will last for one month, from October 16 to November 15, 2025, allowing affected traders a clear timeframe to verify and request their compensation.

HTX confirms that the compensation amount will be proportional to the losses verified through the submitted transaction records.

Market Context

The market event on October 11 took place against the backdrop of increasing geopolitical tensions, particularly concerning trade relations between the US and China. The sharp price drop has caused significant disruption in the market, with many notable liquidations occurring on major crypto exchanges. HTX's response through the Sail Together program is one of the industry's efforts to cope with this volatility.

This incident has also drawn attention to how major cryptocurrency platforms manage risks for users in unstable market conditions.

Industry assessment of support measures

DeFi researcher Zee commented on this initiative on platform X, while many other prominent voices in the Web3 space have also shared similar evaluations on social media.

Source: Influencers like Raph_GMI and Dìchén have also emphasized the role of this initiative in supporting traders amidst the volatility of the crypto market.

Although the effectiveness of such initiatives in stabilizing user participation is still being monitored, industry members continue to observe similar support programs from other exchanges. These programs may impact trader retention and platform participation rates in subsequent market cycles.

Mr. Teacher