币安的 4 亿美元救助基金：安全网还是创可贴？

币安推出 4 亿美元的救助计划，以在市场低迷后为交易者提供支持。这足够了，还是只是公关举措？让我们深入了解一下。

Binance's $400 Million Relief Fund: A Safety Net or Just a Band-Aid?

币安的 4 亿美元救助基金：安全网还是创可贴？

After a wild crypto market crash, Binance stepped up with a $400 million relief fund. Is it a genuine lifeline for struggling traders, or just a way to smooth things over? Let's break it down.

在加密货币市场剧烈崩溃后，币安提供了 4 亿美元的救助基金。对于陷入困境的交易者来说，这到底是一条真正的生命线，还是只是一种缓和局势的方法？让我们来分解一下。

What's the Deal with the Relief Fund?

救助基金的情况如何？

On October 11, 2025, Binance unveiled a $400 million program to help traders who got hammered during a recent market downturn. This move came after a massive liquidation event that wiped out over $19 billion in leveraged positions. The total support from Binance and BNB Chain now adds up to a hefty $728 million.

2025 年 10 月 11 日，币安推出了一项 4 亿美元的计划，以帮助在近期市场低迷期间遭受重创的交易者。此举是在大规模清算事件发生后发生的，该事件导致杠杆头寸损失超过 190 亿美元。目前，币安和 BNB Chain 的支持总额已达 7.28 亿美元。

The core of the program is a $300 million distribution of token vouchers, ranging from $4 to $6,000, for eligible users. To qualify, traders had to have experienced forced liquidations between Oct. 10-11, 2025, losing at least $50, which had to represent at least 30% of their total net assets before the crash.

该计划的核心是向符合条件的用户分发 3 亿美元的代币代金券，金额从 4 美元到 6,000 美元不等。为了获得资格，交易者必须在 2025 年 10 月 10 日至 11 日期间经历过强制平仓，损失至少 50 美元，这必须至少占崩盘前总净资产的 30%。

In addition to the vouchers, Binance is setting up a $100 million “low-interest loan fund” to help institutional and ecosystem users facing liquidity issues.

除了代金券之外，币安还设立了一个 1 亿美元的“低息贷款基金”，以帮助面临流动性问题的机构和生态系统用户。

Reactions: Gratitude vs. Skepticism

反应：感激与怀疑

The response to Binance's move has been mixed. Some users are grateful for the quick assistance, while others feel it's not enough to cover their losses. There's also been criticism about technical glitches during the sell-off, with some traders claiming they couldn't close positions. Binance maintains that the market conditions, not platform failures, were the main cause of the losses.

人们对币安此举的反应不一。一些用户对快速帮助表示感谢，而另一些用户则认为这不足以弥补他们的损失。抛售期间的技术故障也受到批评，一些交易员声称他们无法平仓。币安坚称，造成损失的主要原因是市场状况，而不是平台故障。

As one user put it, a "voucher" for $4-6k on users who got wiped for everything is kinda a joke. While better than nothing, it highlights the gap between the relief offered and the actual losses incurred by some traders.

正如一位用户所说，为所有被抹掉的用户提供 4-6,000 美元的“优惠券”有点像个笑话。虽然聊胜于无，但它突显了所提供的救济与一些交易者实际遭受的损失之间的差距。

The Bigger Picture: Trust and Confidence

更大的图景：信任和信心

Binance's actions highlight the pressure on major exchanges to keep user trust during times of high volatility. By offering substantial support, Binance is trying to position itself as an industry leader willing to take action.

币安的行动凸显了主要交易所在高波动时期保持用户信任的压力。通过提供大力支持，币安试图将自己定位为愿意采取行动的行业领导者。

Meanwhile, CZ is encouraging Coinbase to list more BNBChain projects, after Binance listed several Base projects, showing how Binance is open to working with other exchanges.

与此同时，在币安上线多个 Base 项目后，CZ 鼓励 Coinbase 上线更多 BNBChain 项目，这表明币安对与其他交易所合作持开放态度。

My Two Satoshis

我的两个中本聪

While Binance's relief fund is a significant gesture, it's clear that rebuilding trust after a major market crash is a complex challenge. Handing out millions of dollars to help users is a good first step. And even with some controversy, the move helps strengthen the crypto ecosystem as a whole.

虽然币安的救助基金是一个重大举措，但很明显，在重大市场崩盘后重建信任是一项复杂的挑战。捐赠数百万美元来帮助用户是良好的第一步。即使存在一些争议，此举也有助于加强整个加密生态系统。

Final Thoughts

最后的想法

So, is Binance's $400 million relief fund a game-changer? Maybe not entirely. But it's a start. And in the fast-paced world of crypto, sometimes a little help can go a long way. Now, let's hope the market chills out for a bit, so we can all catch our breath!

那么，币安的 4 亿美元救助基金会改变游戏规则吗？也许不完全是。但这是一个开始。在快节奏的加密世界中，有时一点帮助就能发挥很大作用。现在，希望市场能冷静一点，这样我们就可以喘口气了！