Binance announces $400M compensation plan for forced liquidations

Binance has announced a $400 million compensation plan for users affected by forced liquidations in its futures and margin trading services between Oct. 10 and Oct. 11. The plan, which the exchange has named the Together Initiative, includes a $300 million fund to compensate affected users and a $100 million institutional support program. Under the initiative, eligible users will receive token vouchers worth up to $6,000.