{"id":36819,"date":"2025-10-14T19:25:39","date_gmt":"2025-10-14T19:25:39","guid":{"rendered":"https:\/\/financialrush.com\/?p=36819"},"modified":"2025-10-14T19:25:39","modified_gmt":"2025-10-14T19:25:39","slug":"binance-announces-400-million-recovery-plan","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36819","title":{"rendered":"Binance Announces $400 Million Recovery Plan"},"content":{"rendered":"<p> \n<br \/><\/p>\n<p>Binance has announced the &#8220;Together Initiative,&#8221; a plan to recover and rebuild interest in the crypto industry.<\/p>\n<p>Announced on October 14th, the move comes on top of another $283 million that Binance <a href=\"https:\/\/cryptopotato.com\/binance-explains-market-crash-and-reimburses-users-283m\/\">distributed<\/a> as reimbursements to users, who suffered losses through collateral liquidations.<\/p>\n<h2 id=\"what-you-need-to-know\">What You Need to Know<\/h2>\n<p>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<blockquote>\n<ul class=\"css-197cloy\">\n<li class=\"css-orkytx\">\n<p class=\" richtext-paragraph css-zwb0rk\"><span class=\"richtext-text css-1iqe90x\" data-bn-type=\"text\">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<\/li>\n<li class=\"css-orkytx\">\n<p class=\" richtext-paragraph css-zwb0rk\"><span class=\"richtext-text css-1iqe90x\" data-bn-type=\"text\">Total liquidation loss amount: At least $50 equivalent<\/span><\/p>\n<\/li>\n<li class=\"css-orkytx\">\n<p class=\" richtext-paragraph css-zwb0rk\"><span class=\"richtext-text css-1iqe90x\" data-bn-type=\"text\">Total liquidation losses represent at least 30% <\/span><span class=\"richtext-text css-1iqe90x\" data-bn-type=\"text\">(loss ratio) <\/span><span class=\"richtext-text css-1iqe90x\" data-bn-type=\"text\">of the user\u2019s overall net assets based on the snapshot taken at 2025-10-09 23:59 (UTC)\u00a0<\/span><\/p>\n<\/li>\n<li class=\"css-orkytx\">\n<p class=\" richtext-paragraph css-zwb0rk\"><span class=\"richtext-text css-1iqe90x\" data-bn-type=\"text\">Users who received compensation are <\/span><span class=\"richtext-text css-1iqe90x\" data-bn-type=\"text\"><strong>not<\/strong><\/span><span class=\"richtext-text css-1iqe90x\" data-bn-type=\"text\"> eligible for this initiative<\/span><\/p>\n<\/li>\n<\/ul>\n<\/blockquote>\n<p><a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/3d45a1ab541f463982d59c8de85e36b8\">According<\/a> to the official announcement, the USDC amount is to be determined based on an assessment of each individual user&#8217;s liquidation loss amount, loss ratio, and additional factors.<\/p>\n<p>The distribution process should be started in 24 hours and finalized within 96 hours from the time of the original post.<\/p>\n<p>For institutions, Binance has established a $100 million &#8220;low-interest loan fund&#8221; to help them restart trading.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/binance-announces-400-million-recovery-plan\/\">Binance Announces $400 Million Recovery Plan<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n\n<br \/><a href=\"https:\/\/cryptopotato.com\/binance-announces-400-million-recovery-plan\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Binance has announced the &#8220;Together Initiative,&#8221; a plan to recover and rebuild interest in the crypto industry. Announced&hellip;\n","protected":false},"author":2,"featured_media":36820,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-36819","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36819"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/36820"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}