Binance announces $400 million recovery plan

Binance announces a new recovery plan on top of the previously initiated recovery plan.

Binance has announced the ‘Together Initiative’, a plan to restore and rebuild interest in the crypto industry.

The measure, announced on October 14, comes on top of another $283 million that Binance distributed as refunds to users who suffered losses from collateral liquidations.

What you need to know

The new initiative is structured in two separate funds. The first consists of $300 million in USDC, which will be distributed to users who meet the following criteria (cumulative):

• Users who suffered forced liquidation losses during futures and margin trading from 2025-10-10 00:00 to 2025-10-11 23:59 (UTC)

• Total amount of liquidation loss: minimum $50 equivalent

• The total liquidation losses are at least 30% (loss ratio) of the user’s total net worth based on the snapshot taken on 2025-10-09 23:59 (UTC)

• Users who have received compensation are not are eligible for this initiative

According to According to the official announcement, the USDC amount should be determined based on an assessment of each individual user’s liquidation loss amount, loss ratio and additional factors.

The distribution process must be initiated within 24 hours and completed within 96 hours of the original message.

For institutions, Binance has set up a $100 million “low-interest loan fund” to help them restart trading.