Binance launches a $ 400 million relief program for entrepreneurs affected by losses throughout its ecosystem during the sale of Crypto Friday, even though it does not accept responsibility for user losses.
According to a Tuesday Post By exchange, the initiative will share $ 300 million worth of token vouchers, with value from $ 4 to $ 6,000, to the right users.
To qualify, merchants must have forced fluids in futures or margin positions between October 10, 2025, 00:00 UTC and October 11, 2025, 23:59 UTC. Users should be lost at least $ 50 in crypto, and losses must account for at least 30% of their total net assets, based on a snapshot taken on October 9, 2025, at 23:59 UTC. It is expected to complete the distribution within 96 hours.
The plan will also establish a $ 100 million “low-interest loan fund” for ecosystem and institutional users affected by market disturbance, seeking to “alleviate liquidity pressure.”
Binance clarified that the exchange does not “accept responsibility for users’ losses,” which says the move is designed to “rebuild confidence in the industry.”
Moving will come after the BNB chain announced Monday that it launched A $ 45 million “Reload AirDrop” To pay users who have lost money to Memecoins money on Friday’s crashing.
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Binance responded to the crypto crash
Crypto markets collapsed on Friday after US president Donald Trump threatened 100% tariffs on Chinese imports, with more than $ 19 billion in leveraged liquid positions in 24 hours – the largest single single Event in Liquidation in Crypto history.
Later, Binance was criticized in some fronts.
Some entrepreneurs have reported technical glitches that prevent them closing of positions During the sale, while others point to DIFFERENCE -In stablecoin pricing.
There are many altcoins, including enjin (Enj), Cosmos (Atom), and iotex (‘Re), temporarily displayed Prices of $ 0 in exchange Due to data issues from oracles.
On Sunday, Binance published a statement Responding to concerns, saying that its basic futures systems continue to operate normally throughout the sale.
Since the crash of Friday, Binance and BNB chain have announced a combined $ 728 million in recovery steps, including $ 45 million in airdrops, $ 283 million in immediate post-crash payment, and the newly launched $ 400 million industry funds.
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Some users do not admire
Tuesday’s announcement of Binance received a mix of reactions to X. While some users, such as seedlicapital, praised the exchange of “confidence” rebuilding through action, others were less charity.
In contrast, the user curb.Sol wrote that the “incorrect price of internal price oracles has directly mistaken for $ 400 billion in liquids and corresponding crashing markets.” Adding, “everyone needs to get their funds in Binance right away.
Others said the payments were welcome but fell on the losses cover over the weekend. “While better than nothing, a ‘voucher’ for $ 4 to $ 6K to users wiping for everyone is a joke,” LeverageddeGen wrote.
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