Binance has started distributing funds to users who were liquidated, carrying out its $300 million User Protection Fund plan.

October 15th. Based on community information, Binance has begun distributing airdropped funds to users who were liquidated during the large-scale liquidation on October 11th. This is part of its $300 million User Seed Fund implementation. CZ posted on social media, stating that no government would provide a bailout for cryptocurrencies, but Binance would do its best. He was pleased to see people sharing what they had received. Previously, Binance announced that it would distribute a total of $300 million USDC to some affected users. The distribution amount will be based on various factors such as the user's loss situation and ratio. The amounts will range randomly from 4 USDC to 6,000 USDC. These users are those who experienced forced liquidation due to futures and margin trading losses between 2025 - 10 - 10 00:00 and 2025 - 10 - 11 23:59 (UTC). The total liquidation loss amount is at least equivalent to $50. The liquidation loss is at least 30% of the user's total net assets calculated based on the snapshot taken at 2025 - 10 - 09 23:59 (UTC). Binance plans to start the distribution within 24 hours and aims to distribute the tokens to eligible users' Rewards Hub within 96 hours. Please pay attention to in-app and email notifications. Due to the large workload, there may be delays during the distribution process.