130502 10:47:03 InnoDB: The InnoDB memory heap is disabled
130502 10:47:03 InnoDB: Mutexes and rw_locks use GCC atomic builtins
130502 10:47:03 InnoDB: Compressed tables use zlib 1.2.3
130502 10:47:03 InnoDB: Initializing buffer pool, size = 128.0M
130502 10:47:03 InnoDB: Completed initialization of buffer pool
130502 10:47:03 InnoDB: highest supported file format is Barracuda.
130502 10:47:03 InnoDB: Waiting for the background threads to start
130502 10:47:04 InnoDB: 1.1.8 started; log sequence number 1438711997
/Applications/AMPPS/mysql/bin/mysqld: File './mysql-bin.000108' not found (Errcode: 2)
130502 10:47:04 [ERROR] Failed to open log (file './mysql-bin.000108', errno 2)
130502 10:47:04 [ERROR] Could not open log file
130502 10:47:04 [ERROR] Can't init tc log
130502 10:47:04 [ERROR] Aborting
130502 10:47:04 InnoDB: Starting shutdown...
130502 10:47:05 InnoDB: Shutdown completed; log sequence number 1438711997
130502 10:47:05 [Note] /Applications/AMPPS/mysql/bin/mysqld: Shutdown complete
Solution:
delete /Applications/AMPPS/var/mysql-bin.index
or
Delete all the files from /Applications/AMPPS/var/ like mysql-bin.*, mysql-bin.index, ib*, etc and try starting the mysql server. DONT REMOVE ANY FOLDER.