Binance Announces $400 Million Recovery Plan

Binance has announced the “Together Initiative,” a plan to recover and rebuild interest in the crypto ￰0￱ on October 14th the move comes on top of another $283 million that Binance distributed as reimbursements to users who suffered losses through collateral ￰1￱ You Need to Know The new initiative is structured into two separate ￰2￱ first one consists of $300 million worth of USDC which is to be distributed to users who meet the following criteria (cumulatively): Users who incurred forced liquidation losses across Futures and Margin trading from 2025-10-10 00:00 to 2025-10-11 23:59 (UTC) Total liquidation loss amount: At least $50 equivalent Total liquidation losses represent at least 30% (loss ratio) of the user’s overall net assets based on the snapshot taken at 2025-10-09 23:59 (UTC) Users who received compensation are not eligible for this initiative According to the official announcement

the USDC amount is to be determined based on an assessment of each individual user’s liquidation loss amount loss ratio and additional ￰3￱ distribution process should be started in 24 hours and finalized within 96 hours from the time of the original ￰4￱ institutions Binance has established a $100 million “low-interest loan fund” to help them restart trading.