Following the recent sharp fluctuations in the cryptocurrency market, Binance announced a $400 million support plan called the “Together Initiative” to restore confidence in the sector and support its users. The program consists of two parts: a $300 million user fund and a $100 million institutional support fund. Binance has set aside a fund of 300 million USDC for users who suffered losses due to forced liquidation in futures and margin trading between October 10–11, 2025. Users who experience a liquidation loss equivalent to at least $50 during the specified period and whose loss constitutes at least 30% of their total assets will be eligible to receive token vouchers ranging from $4,000 to $6,000. The exchange announced that the distribution process will begin within 24 hours and is targeted to be completed within 96 hours. Users will be able to track their rewards through the Rewards Hub. Related News: BREAKING: FED Chairman Jerome Powell Makes Live Statements Binance has also established a $100 million low-interest loan fund for ecosystem partners and institutional users. This fund aims to help institutions severely affected by market volatility regain liquidity and return to trading activities. Fund applications can be submitted through dedicated account managers for VIP and corporate users. Binance stated that applications will be responded to quickly and the entire process will be conducted confidentially. In its official statement, the company stated that market conditions are challenging for both users and corporate actors, and included the following statements: “Our users will always remain our top priority throughout this process. While there will be differing opinions on every decision, we are taking this step based on our belief in the industry and our user-focused values.” Binance argued that the plan was not a legal compensation program, but a voluntary support step to restore trust in the industry. The company reminded the community of investment risks, warning, “The market is volatile, manage your investments carefully and always do your own research.” *This is not investment advice. Continue Reading: Binance Launches Compensation Program for Users Who Suffered Losses During the Latest Major Crash
