The last few days delivered a dramatic reminder of the volatile market we operate in. We saw the $19 billion liquidation event unfold across the sector on October 10th, a cascade 19 times larger than the one accompanying the FTX collapse.
It was a stark correction: Bitcoin plummeted over 14% in 24 hours. This was a classic "liquidity vacuum meets maximal leverage" scenario. While the crypto ecosystem is built on rapid price discovery, it must also be built on supporting the pioneers who keep the gears turning.
That’s why we are taking action far beyond a simple sentiment survey.
Regain your edge with the Comeback Challenge
We believe that severe market volatility requires a comprehensive response. So, we've launched the Comeback Challenge, a two-week initiative running from October 13 to October 27 (UTC), backed by a total pool of 100,000 USDT.
Event 1: We’re compensating new traders (even for losses elsewhere)
We know the recent crash was sector-wide. If you were liquidated on another exchange after October 1, 2025, we're here to help you get back on your feet.
We are offering 100% compensation on liquidated amounts, up to 200 USDT in bonus funds. Simply register and submit proof of your liquidated USDT perpetual contracts from the other exchange. This pool is limited, so the first to register and submit claims will benefit.
Event 2: The Toobit loyalty safety net
Our existing, loyal traders were also hit, and we've got you covered.
Current Toobit traders who experienced liquidations of more than 500 USDT between October 8 and October 12 (UTC) are eligible to receive up to 500 USDT in compensation.
You stuck with us through the turbulence, and we appreciate that. Consider this a tactical deployment of capital to ensure you can re-enter the market without hesitation.
Event 3: Boosting the balance sheet
Finally, for every trader looking to reload their account for the coming rally, we’re topping up your efforts.
Claim extra funds simply by making a new deposit. Tiers range from a 5 USDT reward for a 50 USDT deposit, up to a massive 1,200 USDT reward for a 10,000 USDT deposit.
The road ahead
The market’s high volatility is a double-edged sword: it offers unprecedented opportunity, but it demands prudence. The swiftness of the $19 billion liquidation event underscores that this market often provides brutal, instantaneous feedback.
But brutal does not mean broken. Supportive recovery programs like the Comeback Challenge are critical for fostering a sustainable, resilient trading community. We want to support traders to manage risk, re-engage with confidence, and ultimately, discover the frontier of what’s next in digital assets.
Ready to turn that 14% drop into a future win? Make sure you register on the event page, review the full terms, and start your comeback today.
