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

BlockBeats News, October 15th, according to community sources, Binance has started distributing airdropped funds to users who were liquidated in the large-scale liquidation on October 11th, implementing its $300 million User Seed Fund.

CZ posted on social media, stating that no government would bail out cryptocurrency, but Binance would do its best. He was glad to see people sharing what they have received.

Previously, Binance announced that it would distribute a total of $300 million USDC to some affected users. The amount will be distributed based on various factors such as user loss situation and ratio, with amounts ranging from 4 USDC to 6,000 USDC randomly:

· Users 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 commence 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.