@cryptoverse
Binance Announces The $400 Million “Together Initiative” - An Industry Recovery and Confidence Rebuilding Plan
$300 Million in USDC
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.
$100 Million Institutional Support Program.
Binance will establish a $100 million low-interest loan fund to help them restart their trading.
https://www.binance.com/en/support/announcement/detail/3d45a1ab541f463982d59c8de85e36b8
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