Binance users reported on X that they received USDC amounts in their accounts on the platform after the crypto exchange announced the «Together Initiative» – a plan to restore the industry and rebuild trust. Binance created this initiative despite the wave of FUD directed against it, following other compensation plans that were launched after the biggest crash in the history of the crypto industry, which happened between October 10-11.
Users have reported amounts of USDC received in their Binance accounts
Several Binance users shared posts on X showing that they received varying amounts of USDC. For example, on October 17th, someone said that he received 13,800 USDC in his account after the recent liquidations in the crypto market, which totaled more than $19 billion between October 10–11. Another user received $2,800 in his wallet after liquidating $11,000 during the crypto market chaos.
Binance just sent the guy $2,800 in his wallet while he was sleeping no cap: Liquidated $11,000 during the chaos Woke up → $2,800 USDC was already there Didn't send any forms. Did not contact support. Nothing.@cz_binance and @cz_binance they just sent $300 million directly to… pic.twitter.com/yzS49rJSqT
— Budhil Vyas (@BudhilVyas) October 15, 2025
Several Binance users received funds in their accounts, even if the amounts were smaller compared to the losses they suffered. Users expressed their gratitude after being compensated, saying «this is what defines a true ecosystem and service.» Binance's «Together» initiative comes despite the platform being surrounded online by hate and FUD over the past month following massive crypto liquidations. Binance admitted its mistakes and announced several compensation plans for users.
Binance's $400 million «Together Initiative» plan
Binance unveiled this initiative on October 14th to support the crypto industry amid intense volatility that has affected users, institutions and the entire ecosystem. The platform pointed out that it has been subject to criticism from both inside and outside the industry, but that this was to be expected for the leader of the crypto ecosystem. Binance's «Together» initiative included the following: $300 million in USDC, with distributions between 4 and 6,000 USDC, totaling $300 million to eligible users according to the terms published by the platform A $100 million institutional support program aimed at institutional users and the ecosystem severely affected by the crash
Binance continues to support users by building trust
After this month's major market crash, Binance offered support to affected users despite all the FUD visible online. While other platforms were blaming each other, Binance released compensation plans and important information about the platform and the events involved in the crypto collapse. The world's largest cryptocurrency platform continues to support the ecosystem and community, proving once again that it is a user-centric platform. Confidence in Binance continues to grow, which is best reflected by the increase in the number of registered users.
Binance Users as of October 21 As of today, October 21, more than 294.1 million people are registered on the platform. SIGN UP ON BINANCE Regardless of market conditions, the Binance team continues to build, deliver innovative projects, and support the entire crypto ecosystem. Join our 33,000+ subscribers. No spam, just useful info.