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HTX Launches $100 Million USDT Airdrop After $19 Billion Liquidation Event

The move follows Binance’s $400 million package in a broader push by exchanges to stabilize users after the Oct. 11 wipeout.

Overview

  • HTX opened its Sail Together campaign on Oct. 20 with claims accepted until Nov. 15.
  • Eligibility targets traders who lost at least 100 USDT between Oct. 9 and Oct. 11, regardless of platform or region.
  • Payouts come as futures coupons worth 50 to 5,000 USDT, calibrated to verified losses and subsequent HTX futures activity.
  • Applicants must register for an HTX account, complete Level 1 KYC, and submit screenshots documenting losses to receive coupons.
  • The industry response follows a market rout that erased over $19 billion in leveraged positions and includes Binance’s $400 million support split between retail vouchers and institutional loans.