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BlockBeats News, October 15th, He Yi, co-founder of Binance, wrote, "Since the first day of its establishment, Binance has been through ups and downs, facing numerous challenges, but we have always experienced a phoenix-like rebirth; therefore, we hope that Binance users who were injured in this major price drop will have the opportunity for a fresh start."

For those who are passionately criticizing us, they will slander us, attack us, and even promote us. All we need to do is assess our affected users and see what help we can reasonably provide. We believe that 'actions speak louder than words,' and Binance's only intervention in the market over the years has been to directly give money to users, leaving the rest to time.

The distribution of this relief fund was challenging because originally, it could have sponsored four teams, even the Olympics, or acquired tens of millions of users; however, airdropping money to users might be a drop in the bucket and could instead invite many attacks such as 'Why did they give money?' 'Being able to distribute so much money must mean they have taken advantage of many people,' 'Just look, they are trying to buy us off.' We anticipated all of this. But there are still more users silently supporting us, and even more users cheering us on.

As long as the industry exists, Binance will exist. We cannot refrain from doing the right thing because of external voices, fear of defamation, or slander. Do good deeds without asking about the future."

Earlier, Binance announced that it would distribute token vouchers to users affected by liquidation to promote industry recovery.