The post Big News: Binance to Compensate Users With Up to $6,000 After Market Crash appeared first on Coinpedia Fintech News
Binance has announced a massive $400 million recovery plan called the “Together Initiative,” designed to help users and institutions recover from the recent crypto market crash.
Under the program, $300 million in USDC vouchers will go to users who suffered forced liquidations between October 10 and October 11, 2025. To qualify, users must have lost at least $50, and those losses must represent 30% or more of their total assets based on their account snapshot from October 9.
Each eligible user can receive between $4 and $6,000 in USDC, depending on the amount lost and other factors. Binance says the distribution will begin within 24 hours and be completed within 96 hours, with funds reaching users’ Rewards Hub.
$100 Million Loan Fund for Institutional Partners
Alongside user relief, Binance will deploy $100 million in low-interest loans to help institutional and ecosystem partners recover from the recent volatility.
These loans aim to reduce liquidity stress and ensure stable operations for projects, trading firms, and VIP clients. Eligible partners can apply through their dedicated Binance account managers, with a promise of quick and confidential processing.
Rebuilding Trust After a Turbulent Week
The crypto market recently saw over $20 billion wiped out in a single day, leaving many traders and institutions struggling with losses. Binance stated that the “Together Initiative” is not a legal obligation but a gesture of goodwill aimed at restoring confidence in the broader crypto community.
“We remain confident in our industry’s future. Finally, we would like to remind our community and users again that the crypto market is volatile and investment risks are inherent,” the company said.