Binance has announced the \u201cTogether Initiative,\u201d a plan to recover and rebuild interest in the crypto industry.<\/p>\n
Announced on October 14th, the move comes on top of another $283 million that Binance distributed<\/a> as reimbursements to users, who suffered losses through collateral liquidations.<\/p>\n The new initiative is structured into two separate funds. The first one consists of $300 million worth of USDC, which is to be distributed to users who meet the following criteria (cumulatively):<\/p>\n Users who incurred forced liquidation losses across Futures and Margin trading from 2025-10-10 00:00 to 2025-10-11 23:59 (UTC)<\/span><\/p>\n Total liquidation loss amount: At least $50 equivalent<\/span><\/p>\n Total liquidation losses represent at least 30% <\/span>(loss ratio) <\/span>of the user\u2019s overall net assets based on the snapshot taken at 2025-10-09 23:59 (UTC)\u00a0<\/span><\/p>\n Users who received compensation are <\/span>not<\/strong><\/span> eligible for this initiative<\/span><\/p>\n According<\/a> to the official announcement, the USDC amount is to be determined based on an assessment of each individual user\u2019s liquidation loss amount, loss ratio, and additional factors.<\/p>\n The distribution process should be started in 24 hours and finalized within 96 hours from the time of the original post.<\/p>\n For institutions, Binance has established a $100 million \u201clow-interest loan fund\u201d to help them restart trading.<\/p>\n The post Binance Announces $400 Million Recovery Plan<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Binance has announced the \u201cTogether Initiative,\u201d a plan to recover and rebuild interest in the crypto industry. Announced on October 14th, the move comes on top of another $283 million that Binance distributed as reimbursements to users, who suffered losses through collateral liquidations. What You Need to Know The new initiative is structured into two […]<\/p>\n","protected":false},"author":0,"featured_media":104760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-104759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/104759"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=104759"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/104759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/104760"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=104759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=104759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=104759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What You Need to Know<\/h2>\n