Post #495

💥 Binance Launches $400M “Together Initiative” Recovery Program Following the market crash on October 10, Binance has unveiled a $400 million plan to help restore confidence in the crypto industry. 🟡 $300M in USDC — Trader Compensation Binance will compensate users who lost over 30% of their capital and at least $50 due to liquidations in futures and margin trading. Individual payouts range from $4 to $6,000, with distribution set to begin within 24 hours and completed in 96 hours. 🔸 $100M — Institutional Support Fund A separate fund will provide low-interest loans to institutional partners and ecosystem participants to help stabilize liquidity and restore market confidence. 👉Binance emphasized that it doesn’t assume responsibility for user losses but is “putting resources where they’re needed most — into the users.” #News Alpha | Chat