If your losses between Oct 10-11, exceeded $50 or represented +30% of your portfolio, you might be elegible for this Compensation Program.

Main TakeawaysBinance has launched the $400 million “Together Initiative” – a program to help users and ecosystem partners recover from recent market volatility and rebuild industry confidence.The plan includes $300 million in USDC for affected users and $100 million in institutional support loans, separate from the $283 million already allocated to compensate users impacted by specific platform issues earlier this week.Guided by Binance’s founding principle – that nothing is as important as users’ trust and confidence – the initiative comes out of our belief that a rising tide lifts all boats.Over the past week, the crypto market has faced one of its sharpest downturns in recent memory, testing user confidence and industry resilience alike. The volatility shook the entire ecosystem as we all felt the impact of macroeconomic pressure far beyond crypto itself.Binance was not immune to the turbulence. As the global leader in digital assets, we naturally face heightened scrutiny, fair or unfair, during times like these. But our priorities have not changed: we exist because of our users, and our first instinct is always to support them.This is why we are launching the “Together Initiative,” a $400 million program aimed at helping users and partners recover from this shock, and helping the industry regain its footing.Two Components, One Purpose1. $300 Million in User SupportTo assist individual traders affected by extreme market swings, Binance will distribute $300 million in USDC payouts ranging from $4 to $6,000 to users who meet the following criteria:Forced liquidation losses between October 10 and 11, 2025 (UTC).At least $50 equivalent in total liquidation losses.Total liquidation losses accounting for at least 30% (loss ratio) of their overall portfolio value, based on a snapshot from October 9, 2025 (UTC).We aim to commence distributing the USDC within 24 hours and complete the distribution to eligible users’ Spot accounts within 96 hours. Please look out for app and email notifications. Due to the heavy workload, there may be delays in the distribution process. We appreciate your understanding and patience.2. $100 Million Institutional Support FundTo help ecosystem participants and institutional clients stabilize operations, Binance will allocate $100 million in low-interest loans. This support will help firms regain liquidity, restart trading, and continue serving their users and partners.Eligible institutional clients and VIP users can apply through their account managers. Binance will process applications swiftly and confidentially.A Separate Effort: the $283 Million Platform CompensationThis initiative is distinct from the $283 million user compensation plan announced earlier, which addressed very specific platform-related issues such as temporary de-pegs and technical delays during extreme market volatility.That earlier compensation reflected our commitment to transparency and direct accountability when issues arise on our side. Together Initiative, on the other hand, is about something broader: standing with our community through a difficult moment for the industry as a whole. Users who have already received compensation under the earlier, platform-related scheme, will not be eligible for the Together Initiative compensation.Guided by PrinciplesWe understand that some may see this initiative as a PR exercise. It is not. Binance has a long history of acting for the benefit of users and the broader crypto ecosystem, from education and security to disaster relief and market stabilization.We do not take responsibility for broader market movements or user losses caused by volatility. But as leaders, we believe in doing what we can to help the tide rise for everyone. A rising tide lifts all boats, and when users, builders, and innovators are supported through a difficult moment, the entire industry grows stronger.We were built by a community, and our success depends on that community’s health and trust. Supporting it in times of need is simply what we do.Final ThoughtsCrypto has weathered many storms. Every time, the community emerges more mature and more resilient – as well as better prepared for whatever storm may come next. The Together Initiative is part of that evolution, a collective step toward restoring confidence and momentum.We thank our users for their trust and patience as we work through this recovery process. Please continue to trade responsibly, manage your positions carefully, and remember that volatility, while inevitable, is part of crypto’s ongoing transformation.Together, we’ll get through this – and build what comes next.Further ReadingBinance Announces The $400 Million “Together Initiative” - An Industry Recovery and Confidence Rebuilding PlanResolution of USDE, BNSOL, and WBETH Price Depeg and Risk Control EnhancementsStatement on Recent Market Volatility and Latest Progress Update on User Protection Measures