Binance rolls out post-hack campaign, but the 100 USDC voucher only offsets trading fees
Binance has launched a Community Appreciation Campaign after its hot wallet hack on Oct. 30 and the reopening of withdrawals on Nov. 1, when users withdrew about $4.4 billion on the first day back. The campaign runs until 07:59 Taiwan time on Nov. 22, but it is not a cash compensation plan tied to the hack. Binance had already said losses from the incident would be covered by its SAFU fund and company capital. The promotion includes three parts: a 100 USDC rebate voucher, a 20 million USDC trading prize pool, and boosted yields on selected stablecoin wealth products. The voucher is not credited directly to user balances. Instead, it rebates 30% of spot trading fees, after referral commissions are deducted, and pays the amount in USDC the next day. The trading pool requires at least $10,000 in cumulative eligible volume, with rewards capped at 4,000 USDC per user. Yield boosts apply only to new subscriptions made after the campaign starts and are subject to quota limits. Taiwan is not listed among the explicitly excluded jurisdictions, though Binance says eligibility still depends on regional restrictions and reserves the right to verify user location and disqualify participants.
